Infratil raises guidance on earlier than expected Vodafone deal

Thu, 11 Jul 2019

By Victoria Young July 12 (BusinessDesk) - Infratil has lifted its 2020 full-year earnings guidance by $20 million as it expects to complete the acquisition of Vodafone NZ a month earlier than expected. The revised guidance for $655-$695 million of underlying earnings before interest, tax, depreciation, amortisation and changes in financial instruments follows clearance from the Overseas Investment Office for the deal. Infratil says the new figures take into account an eight-month contribution from Vodafone, given the $3.4 billion dea...

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