Computerland denies alleged Telecom bid
- 04 July, 2004 22:00
The latest twist in Computerland's rumoured takeover by Telecom is market speculation that the telco made an offer to buy the IT services company but the bid was rejected as being too low.
However, John Hanna, Computerland sales and marketing director, denies there was ever an offer.
"Telecom has not made an offer and we have not been sold to anybody," says Hanna, who declined to comment on whether or not the telco had performed due diligence on Computerland.
In an internal email obtained by Computerworld, Computerland chief executive Chris Mackay denied that Telecom or any other party had bought the company and said Computerland would continue to work closely with Telecom Advanced Solutions as per its existing partnership.
In May Computerworld reported that Telecom has done due diligence on Computerland, and TelstraClear is understood to be undertaking the same process.
Whatever the outcome of the Computerland dealings, Telecom's purchase of Gen-i and Telstra buying Kaz in Australia is unlikely to be the end of the trend of telcos buying IT providers.
TelstraClear chief executive Rosemary Howard told the Conferenz Telecommunications and ICT Summit in Auckland last week that her company was looking to make IT acquisitions, but noted that its resources were more limited than Telecom's.