Media Industry

Vodafone disappointed Commerce Commission declined the proposed merger with SKY

23 February 2017

MEDIA STATEMENT - Vodafone New Zealand and Vodafone Group Plc (LSE: VOD) were today advised the New Zealand Commerce Commission declined the proposed merger of Vodafone New Zealand with SKY Network Television Ltd (ASX and NZX: SKT).

Vodafone will carefully review the Commission’s statement and consider all courses of action.

Vodafone New Zealand’s Chief Executive Officer, Russell Stanners said, “We are disappointed the Commerce Commission was unable to see the numerous benefits this merger brings to New Zealanders.”

Vodafone New Zealand to acquire 70 per cent stake in TeamTalk’s Farmside for $10 million in cash

24 March 2017

MEDIA RELEASE - Vodafone New Zealand Limited (Vodafone NZ) and TeamTalk Limited (TeamTalk) (NZX: TTK) have reached an agreement that would see Vodafone NZ acquire 70 per cent of the shares in BayCity Communications Limited for $10 million in cash. BayCity Communications and its wholly owned subsidiaries (trading as Farmside) own and operate TeamTalk’s rural broadband and satellite business.