Vodafone Completes Acquistion of TelstraClear
Vodafone Group Plc today confirms that Vodafone New Zealand has completed the acquisition of TelstraClear Limited for a cash consideration of NZ$840 million (£429 million1).
The transaction, which was announced on 12 July 2012, received final regulatory approval on 30 October 2012 and completed on 31 October 2012.
The acquisition strengthens Vodafone New Zealand's portfolio of fixed communications solutions and creates a leading total communications company in New Zealand.
1Based on an exchange rate of NZ$1.956: £1
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