UPDATE: Vodafone NZ acquires WorldxChange IP telco business

Wed, 10 Jun 2015

(Adds comment from WorldxChange CEO) June 10 (BusinessDesk) - Vodafone New Zealand, the nation's biggest mobile company, has acquired WorldxChange, adding an internet-based telecommunications business with customers including the Reserve Bank, the Earthquake Commission and IAG Insurance. No price was disclosed. WorldxChange's biggest shareholder, co-founder and chief technology officer Paul Clarkin is among executives at the firm who will join Vodafone, according to a Vodafone statement. He held 70.6 percent of the stock. Other shareho...

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