CHICAGO, United States-Ameritech Corp. said it expects proceeds of US$2.1 billion from the sale of its 24.95-percent stake in Telecom Corp. of New Zealand. The sale closed in April through a global public offering.
Ameritech announced in December its intention to sell its stake in the New Zealand carrier. The company plans to use proceeds from the equity sale to help finance growth opportunities in Europe, where it already has invested US$5 billion.
