NZ Regulator Clears Vodafone Group Plc Takeover Of Telstra Corporation Limited's New Zealand Operations-Reuters

Monday, 29 Oct 2012 04:02pm EDT 

Reuters reported that British mobile phone operator Vodafone Group Plc received the green light for the NZD840 million ($688 million) takeover of Australian telecom operator Telstra Corporation Limited struggling New Zealand operations. New Zealand's competition regulator approved Vodafone's move to acquire TelstraClear's fixed-line and Internet operations. The Commerce Commission said it looked at the potential impact of the purchase in a number of markets, including fixed line calling and broadband services to residential, as well as business customers. 

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