AAPT has announced that it will acquire NEC's DSL wholesale company Nextep for an undisclosed amount.
The Telecom New Zealand subsidiary announced today that it will pick up Nextep as part of a "long-term strategic alliance" between AAPT and NEC.
Nextep has DSLAMs spread out across the country, including the 62 that it has rolled out in regional areas of New South Wales, Queensland, Victoria, South Australia, the Northern Territory, and Western Australia as part of the Australian government's Regional Backbone Blackspots Program.
AAPT CEO David Yuile welcomed the new alliance that would see AAPT leverage its network with NEC's IT products, and said that Nextep customers can be confident that their services will continue as normal.
"AAPT is delighted to welcome all the Nextep customers and is confident, given our extensive broadband experience, they will continue to be well served," he said.
The value of the acquisition was not disclosed, but the deal is expected to be finalised by November 30, 2012.