Putting 735 million into the Seven Network wasn’t enough for KKR, reportedly they’re now looking to spend over AU$5 billion dollars in Japan, China, Hong Kong, Taiwan, India, Australia and New Zealand. This rumour seems to have legs as today it was announced that Seven & KKR are teaming up to bid for NZ’s Yellow Pages. Telecom New Zealand wants well above AU$1.3 billion) for the business, which would barely put a dent in the KKR piggy bank. Further adding to speculation, The Sydney Morning Herald has reported that there may be a change of leadershop at Telecom New Zealand.
KKR looking to spend over 5 billion dollars15 01 2007