Telecom NZ sells Macquarie stake

Former Kiwi monopolist Telecom New Zealand has sold its minority stake in Australian telco Macquarie Telecom to an un-named party at a price of AU$9.9 million. in brief Former Kiwi monopolist Telecom New Zealand has sold its minority stake in Australian telco Macquarie Telecom to an un-named party at a price of AU$9.9 million. The stake was one of a small handful of investments the telco has made in Australia’s telecommunications market — the largest of which is its buyout of AAPT and its subsequent acquisition of PowerTel.

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Telecom NZ sells Macquarie stake