Difficulties in Value Creation: Telecom New Zealand's Acquisition of Aapt Ltd.
| aut.embargo | No | en_NZ |
| aut.thirdpc.contains | No | en_NZ |
| aut.thirdpc.permission | No | en_NZ |
| aut.thirdpc.removed | No | en_NZ |
| dc.contributor.advisor | Tourani-Rad, Alireza | |
| dc.contributor.author | Toth, Zoltan | |
| dc.date.accessioned | 2017-10-25T03:38:44Z | |
| dc.date.available | 2017-10-25T03:38:44Z | |
| dc.date.copyright | 2006 | |
| dc.date.created | 2017 | |
| dc.date.issued | 2006 | |
| dc.date.updated | 2017-10-25T02:45:40Z | |
| dc.description.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. | en_NZ |
| dc.identifier.uri | https://hdl.handle.net/10292/10916 | |
| dc.language.iso | en | en_NZ |
| dc.publisher | Auckland University of Technology | |
| dc.rights.accessrights | OpenAccess | |
| dc.subject | Telecom Corporation of New Zealand | en_NZ |
| dc.subject | AAPT Limited | en_NZ |
| dc.subject | Consolidation and merger of corporations | en_NZ |
| dc.subject | Telecommunication | en_NZ |
| dc.title | Difficulties in Value Creation: Telecom New Zealand's Acquisition of Aapt Ltd. | en_NZ |
| dc.type | Dissertation | |
| thesis.degree.grantor | Auckland University of Technology | |
| thesis.degree.level | Masters Dissertations | |
| thesis.degree.name | Master of Business | en_NZ |