Vodafone acquires New Zealand’s TelstraClear

Operator group Vodafone has agreed to acquire Telstra’s New Zealand arm TelstraClear, for a sum of NZ$840m ($663m). The acquisition strengthens Vodafone position in New Zealand, where it is already the country’s largest mobile operator in terms of subscriber base, with 2.4 million customers; 66 per cent of whom are on prepaid contract, and 1.035m customers on 3G, according to Informa’s WCIS.

Vodafone in talks with Telstra over NZ arm

Vodafone has announced that it is in discussions with Australian operator Telstra over the potential acquisition of its 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,” Vodafone said in a statement.