Infratil's Vodafone purchase cleared by Commerce Commission

Wed, 10 Jul 2019

By Rebecca Howard July 11 (BusinessDesk) - Infratil's plan to buy up to 50 percent of Vodafone New Zealand has been cleared by the Commerce Commission. Infratil and Brookfield Asset Management sought Commerce Commission approval for their $3.4 billion purchase of Vodafone Group's New Zealand business. One possible stumbling block had been Infratil's controlling stake in Trustpower – a small competitor in the fixed broadband market. Commission chair Anna Rawlings said the regulator was sati...

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