Telstra (ASX: TLS.AX) confirmed that it has begun discussions with Vodafone New Zealand (LSE: VOD.L) to explore a possible deal to sell its New Zealand subsidiary, TelstraClear.
The service provider admitted the talks were taking place, Computerworld reported, after a rumor of a deal appeared on Twitter.
Damien Coleman, Telstra's company secretary, said in an announcement to the Australian Stock Exchange that the service provider T "was approached by, and is in discussions with Vodafone New Zealand, to explore the potential sale of Telstra Corporation's New Zealand subsidiary, TelstraClear to Vodafone New Zealand.
New Zealand consumers would win if Telstra manages to navigate through all the complexities of selling its New Zealand subsidiary TelstraClear to Vodafone so it can acquire Telecom, a telecommunications analyst said. "I know that Ne... Read Post
Vodafone (LSE: VOD.L) has made it official that it is going to acquire TelstraClear, Telstra's New Zealand wireline business, for NZD 840 million (USD 668.7 million). In June, Telstra began discussions with Vodafone New Zealand to e... Read Post
ComCom, New Zealand's telecom regulator, on Tuesday approved Vodafone New Zealand's (LSE: VOD.L) NZD 840 million (USD 668.7 million) acquisition of TelstraClear, Telstra's (ASX: TLS.AX) New Zealand unit. The regulator said there is ... Read Post