UK-based Vodafone Group has announced that its Vodafone New Zealand unit has entered into an agreement to acquire TelstraClear, the New Zealand fixed line business of Australia’s Telstra for a cash consideration of NZD840 million (USD668.7 million). Vodafone is the country’s largest mobile operator by subscribers with a 45.8% share of the wireless market at end-March 2012, whilst TelstraClear is the second largest fixed operator in New Zealand
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OVETEL Vodafone agrees NZD840m TelstraClear deal
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