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01336 am a22002053u 4500 |
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10916 |
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|a dc
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|a Toth, Zoltan
|e author
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|a Tourani-Rad, Alireza
|e contributor
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|a Difficulties in Value Creation: Telecom New Zealand's Acquisition of Aapt Ltd.
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|b Auckland University of Technology,
|c 2017-10-25T03:38:44Z.
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|a I provide an overview of the Australian and New Zealand telecommunications markets through Telecom New Zealand's (TCNZ) acquisition of AAPT Ltd in 2000 which amounted to more than NZ$2 billion. Few years later and after writing off approximately NZ$1 billion, TCNZ is considering a sell-off at a considerable loss. I discuss the strategic reasons behind the acquisition and explain how smaller telcos are struggling to compete with the incumbent telecom in Australia. I further conduct an event study to assess the impact of the acquisition on both TCNZ's and AAPT's share prices and look at some of the post-acquisition issues. I finally provide a valuation analysis on the AAPT business.
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|a OpenAccess
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|a en
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|a Telecom Corporation of New Zealand
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|a AAPT Limited
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|a Consolidation and merger of corporations
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|a Telecommunication
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|a Dissertation
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|z Get fulltext
|u http://hdl.handle.net/10292/10916
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