Telecom New Zealand eyes C&W Optus purchase

Telecom NZ Chief Executive Theresa Gattung said in a statement the company had formally indicated interest in participating in the restructuring of CWO and in this context, had responded to requests from advisers to the Australian carrier and its parent company Cable & Wireless, which owns 52.5 per cent of CWO.

CWO has put its three key operating businesses -- mobile, data and business services and consumer/multimedia divisions -- up for sale.

Telecom NZ is primarily interested in Optus Mobile -- which local analysts have valued at around $10 billion -- although it recognises that any transaction it might undertake would need to be part of the overall restructuring of CWO, Gattung said in the statement. Such a restructuring was likely to be complex and involve other parties as well as Telecom NZ, she added.

Telecom NZ is the first carrier to express a formal interest in CWO, but several other carriers are rumoured to be circling CWO, including Singapore Telecommunications, Japan's NTT DoCoMo and the UK's Vodafone.

Given the high price tag, Telecom NZ may decide to bid in conjunction with one of these companies, it's been reported.

Vodafone is seen as the least likely partner for the mobile business. Telstra has around 48 per cent of the Australian mobile market, Optus has 33 per cent, and Vodafone already has about 18 per cent. If Vodafone acquired CWO it would have a majority market share which would run into objections from regulator Australian Competition & Consumer Commission.

Telecom NZ also owns Australia's third-largest telecommunications company AAPT, which it acquired for around $1.7 billion in October.

Join the PC World newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

David Legard

PC World
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?