Potential buyers of Telecom New Zealand's Australian arm, AAPT, have been given three weeks to complete their due diligence on the business, which yesterday was prepared for a quick sale with the departure of chief executive Jon Stretch.
AAPT has a book value of $NZ680 million ($611 million) but analysts value it at between $NZ140 million and about $NZ500 million.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
