13 Jul 2012

Vodafone applies to buy TelstraClear

8:33 pm on 13 July 2012

Vodafone New Zealand has applied for permission to buy TelstraClear.

The Commerce Commission will determine whether the $840 million takeover will substantially reduce competition.

Analysts expect the tie up to be approved since Vodafone is mainly a mobile phone operator and TelstraClear is predominately a fixed line business.