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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

David Legard

PC World
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?