Vodafone buys TelstraClear

NZ Herald

Telstra will now be clear to significantly invest in Telecom.

Australia’s Telstra will sell TelstraClear, its wholly owned New Zealand subsidiary, to Vodafone New Zealand for NZ$840 million (A$660m), the company said.

In release just issued, Telstra says:

Telstra will sell TelstraClear, its New Zealand subsidiary, to Vodafone New Zealand for NZ$840 million.

As a result of the sale, Vodafone New Zealand will acquire TelstraClear’s voice and data-based services, network infrastructure and New Zealand customer base.

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