Vodafone updates TelstraClear takeover, outlines savings

Thu, 06 Sep 2012

By Paul McBeth Sept. 6 (BusinessDesk) - Vodafone New Zealand, the country's biggest mobile phone operator, has outlined where it expects cost savings in its $840 million acquisition of Telstra Corp's local unit in an updated notice to the anti-trust regulator. The Auckland-based phone company is pinning its expectations on customers benefitting from the savings it can make through ending management and back-office double-ups, according to a revised public version of its notice seeking clearance to buy TelstraClear. The Commerce Commission ex...

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