Telecom New Zealand, a New Zealand-based telephone Company and internet service provider sealed the transaction of its retail business in the subsidiary, AAPT, the Australian operation and broadband Company. Telecom New Zealand’s shares went for iiNet Limited, Australia’s internet provider, in a $75 million deal, which is planned to enhance the former’s financial position in the market and to increase the latter’s broadband and phone customers.

In post-purchase announcements, iiNet declared that the main target of this transaction is to prepare the Company for the Australian Government's National Broadband Network, as AAPT’s business would definitely improve the infrastructure of iiNet, consequently making iiNet the second-largest broadband providing Company in Australia.

Greg Main, New Zealand’s Capital Analyst commented on the acquisition saying, “It's hard to put my finger on exactly why AAPT hasn't been a success because other new entrants have been successful”. He also added that Telecom New Zealand did not put AAPT on sale, until it hit a dead end with the Australian Company.

Despite AAPT’s failure to maintain the aspired success for Telecom New Zealand, iiNet is allocating a big budget on integrating AAPT and on making good use of its customer base, believing the purchase to increase the services by 113,000 broadband subscribers and 251,000 customers registering for other different services.