Regulator pushes back decision on Sky TV-Vodafone merger to Dec. 21

Thu, 10 Nov 2016

By Jonathan Underhill Nov. 11 (BusinessDesk) - Sky Network Television said the date for a decision on its Commerce Commission application to merge with Vodafone New Zealand has been pushed back to Dec. 21 from today to let the regulator process new submissions and cross submissions. Sky TV's shares have dropped 15 percent in the past month and last traded at $4.24. On Oct. 31 the commission said it was in talks with the companies to extend the application timeframe to give them the opportunity to submit on its initial view. At that stage,...

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