Telecom New Zealand has completed the sale of AAPT to TPG for $A450 million.
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AAPT chief executive officer (CEO), David Yuile, will be leaving the telco on February 28 2014.
Telecom has entered into a binding agreement to sell AAPT for A$450 million to TPG Telecom Limited. The agreement is free of conditions and is expected to be complete by 28 February 2014.