Vodafone to acquire TelstraClear Limited for NZ $ 840 million
Vodafone New Zealand has said that it plans to buy TelstraClear Limited, the New Zealand business of Telstra Corporation, for a cash consideration of NZ $840 million.
The transaction is expected to complete in the fourth calendar quarter of 2012, subject to approval from the New Zealand Commerce Commission, the Ministry of Business, Innovation and Employment and the Overseas Investment Office.
The acquisition of TelstraClear will strengthen Vodafone?s portfolio of fixed communications solutions, particularly with business customers, and complement Vodafone?s existing mobile offerings.
