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Telecom Corp of New Zealand’s (ASX:TEL) subsidiary AAPT is reportedly the latest company to emerge as a potential buyer of Leighton Holdings Limited (ASX:LEI) wholly owned NextGen Networks.
The fibre-optic operator who has an estimated asset value of up to $1 billion has captured the interest of several suitors including TPG Telecom Limited (ASX:TPM), iiNet Limited (ASX:IIN) and M2 Telecommunications Group Limited (ASX:MTU).
Leighton said last month it had identified Nextgen as a non-core asset and was considering selling the company but said it remained committed to the telecommunications sector through its subsidiary brands Visionstream, Silcar and John Holland Communications.
Telecom Corporation of New Zealand generated a net profit $906 million in the 2012 financial year.
