TUWHERA Open Theses & Dissertations
AUT University
View Item 
  •   Open Theses & Dissertations
  • Masters Dissertations
  • View Item
  •   Open Theses & Dissertations
  • Masters Dissertations
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Difficulties in Value Creation: Telecom New Zealand's Acquisition of Aapt Ltd.

Toth, Zoltan
Thumbnail
View/Open
Dissertation (224.0Kb)
Permanent link
http://hdl.handle.net/10292/10916
Metadata
Show full metadata
Abstract
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.
Keywords
Telecom Corporation of New Zealand; AAPT Limited; Consolidation and merger of corporations; Telecommunication
Date
2006
Item Type
Dissertation
Supervisor(s)
Tourani-Rad, Alireza
Degree Name
Master of Business
Publisher
Auckland University of Technology

Contact Us
  • Admin

Hosted by Tuwhera, an initiative of the Auckland University of Technology Library

 

 

Browse

Open Theses & DissertationsTitlesAuthorsDateThesis SupervisorMasters DissertationsTitlesAuthorsDateThesis Supervisor

Alternative metrics

 

Statistics

For this itemFor all Open Theses & Dissertations

Share

 
Follow @AUT_SC

Contact Us
  • Admin

Hosted by Tuwhera, an initiative of the Auckland University of Technology Library