Telstra may squeeze more from NZ unit sale in Vodafone spectrum swap

Sun, 15 Jul 2012

By Paul McBeth July 16 (BusinessDesk) - Telstra Corp, the Australian phone company, may add to the $840 million it will get from the sale of its New Zealand unit by swapping certain spectrum rights with Vodafone New Zealand that could then be on-sold. The deal will see the phone companies swap radio spectrum rights to ensure Vodafone doesn't exceed a Ministry of Economic Development cap on holdings in the 2100 megahertz band, and will leave Telstra holding rights in the 1800 MHz band, according to Vodafone's clearance application with the ant...

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