Sky TV, Vodafone drop $3.44 billion merger plan, withdraw appeal

Sun, 25 Jun 2017

By Tina Morrison June 26 (BusinessDesk) - Sky Network Television and Vodafone New Zealand have terminated their merger agreement which aimed to create the country's largest telecommunications and media group, and have withdrawn an appeal against the Commerce Commission's rejection of the plan. The pay-TV operator and telecommunications group announced the decision in a joint statement to the New Zealand stock exchange this morning, without detailing their reasons. The competition regulator had rejected the $3.44 billion media merger, ...

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