DAVID YUILE TO DEPART TELECOM
Telecom has today announced that David Yuile, CEO of AAPT, will be leaving AAPT effective 28 February 2014, and will accordingly cease to be an officer of Telecom Corporation of New Zealand Limited on that date. Telecom Chief Executive, Simon Moutter, said that Mr Yuile has been instrumental in driving the transformation of AAPT over the past few years into a highly competitive data and internet provider. This work has culminated in the sale of AAPT to TPG for A$450million, due to be settled on 28 February 2014.
28 February 2014 – Telecom completes sale of AAPT to TPG Telecom Limited
Telecom is pleased to announce it has today completed the sale of AAPT for A$450 million to TPG Telecom Limited. As announced at its investor strategy day in May 2013, Telecom’s strategic ambition is to become a growing New Zealand company and a future-oriented, competitive provider of communication, entertainment and IT services delivered over its networks and the Cloud.
“The sale of AAPT was consistent with this strategy and with our desire to focus principally on our New Zealand operations and on the needs of New Zealand customers” said Telecom Chief Executive, Simon Moutter. Following a period of cost reduction and operational improvement, AAPT has…..
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