Infratil confident of Vodafone clearance; keen to keep Trustpower

Sun, 19 May 2019

By Gavin Evans May 20 (BusinessDesk) - Infratil is confident its purchase of Vodafone New Zealand will be approved by regulators and says it has no interest in selling out of Trustpower to help secure a deal. Infratil and Brookfield Asset Management are seeking Commerce Commission approval for their $3.4 billion purchase of Vodafone. Given Infratil’s controlling stake in Trustpower – a small competitor in the fixed broadband market – it undertook to either quit the venture with Brookfield or divest its stake in Trustpower if the commis...

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