VODAFONE COMPLETES ACQUISITION OF TELSTRACLEAR

RNS Number : 9271P

Vodafone Group Plc

31 October 2012

 



31 October 2012

VODAFONE COMPLETES ACQUISITION OF TELSTRACLEAR

Vodafone Group Plc today confirms that Vodafone New Zealand has completed the acquisition of TelstraClear Limited for a cash consideration of NZ$840 million (£429 million¹).

The transaction, which was announced on 12 July 2012, received final regulatory approval on 30 October 2012 and completed on 31 October 2012.

The acquisition strengthens Vodafone New Zealand's portfolio of fixed communications solutions and creates a leading total communications company in New Zealand.

- ends -

¹Based on an exchange rate of NZ$1.956: £1

For further information:

Vodafone Group

Investor Relations	Media Relations
Tel:  [phone]	Tel:  [phone]

About Vodafone Group

Vodafone is one of the world's largest mobile communications companies by revenue with approximately 406 million customers in its controlled and jointly controlled markets as of 30 June 2012. Vodafone currently has equity interests in over 30 countries across five continents and more than 50 partner networks worldwide. For more information, please visit www.vodafone.com 

About Vodafone New Zealand

Vodafone New Zealand is an indirect wholly owned subsidiary of Vodafone Group and the largest mobile operator in New Zealand with over 2.4 million customers.  Vodafone has invested more than NZ$4bn in New Zealand since entering the market 14 years ago and its local management team has a strong track record of growth.  Vodafone was the first operator to bring the mobile internet to New Zealand and, in partnership with the New Zealand government, is now adding to and upgrading its mobile network to extend fixed-wireless broadband and mobile services to rural communities.  For more information, please visit: www.vodafone.co.nz

 

END

 

 

ACQLIFVRIALLVIF