Sky TV refuses to delay merger after approach from Spark, Trustpower

Wed, 15 Feb 2017

By Sophie Boot Feb. 16 (BusinessDesk) - Sky Network Television says it won't delay a merger with Vodafone New Zealand to give other telecommunications companies time to appeal it in court if the transaction is approved by the Commerce Commission. The merger would create the country's largest telecommunications and media group, with Sky TV buying Vodafone NZ for $3.44 billion, funded by a payment of $1.25 billion in cash and the issue of new Sky TV shares at a price of $5.40 per share. Vodafone becomes a 51 percent majority shareholder in...

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