CORRECT: Vodafone NZ posts $120.7 mln full-year loss on Telstra costs, weaker sales

Wed, 26 Aug 2015

(corrects prior year revenue in fifth paragraph) By Pattrick Smellie Aug. 27 (BusinessDesk) - Falling revenue and a final year of substantial costs for integrating with the Telstra Clear business saw Vodafone’s New Zealand unit turn in a loss for the year to March 31 of $120.7 million. That compared with a $29 million loss declared in the previous year and a $55.9 million tax-paid profit in the year to March 2013. Vodafone bought the New Zealand operations of Australian-owned Telstra in November 2012, most of which covered a period bef...

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