Vodafone in discussions with Telstra
·5 Jun 2012
Vodafone has entered into discussions with Telstra to explore a potential acquisition of Telstra’s New Zealand subsidiary, TelstraClear.
“Discussions are continuing and there is no certainty as to whether an agreement will be reached. A further announcement will be made in due course, if appropriate,” the group said in a statement on Tuesday.
The UK-based Vodafone Group acquired a 65% stake in SA operator Vodacom, in 2009.
Vodafone New Zealand, a subsidiary of the UK’s Vodafone Group PLC, enjoys a customer base of about 2.5 million in its native country, representing close on half of the country’s mobile phone market.
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