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Wireless

Regulator OKs Infratil's acquisition of Vodafone New Zealand stake

Thursday 11 July 2019 | 16:34 CET | News
New Zealand's Commerce Commission has granted clearance for Infratil to acquire up to 50 percent of the shares in Vodafone New Zealand. Infratil is an investment company whose current interests include a 51 percent share of Trustpower. Infratil reports that Vodafone and Trustpower will continue to operate as independent companies. While the Commission accepts this is likely, its analysis of the proposed acquisition was based on the conservative assumption that the businesses of Trustpower and Vodafone could be combined.

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Categories: Mobile & Wireless
Companies: Vodafone New Zealand
Countries: New Zealand
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