BRIEF-NZ's Telecom acquires business cloud specialist Appserve

WELLINGTON, June 18 Tue Jun 17, 2014 4:41pm EDT

WELLINGTON, June 18 (Reuters) - Telecom Corporation Of New Zealand Ltd

* Acquires business cloud specialist Appserve Ltd

* Acquisition seen as complement to the purchase in 2013 of Revera and the ongoing investment in data centres

* Deal expected to be completed by early July

* The purchase price for the shares is NZ$17 million ($14.72 million). Source text for Eikon: Further company coverage: ($1 = 1.1546 New Zealand Dollars)