Vodafone NZ in talks to buy TelstraClear

 

Twitter rumour confirmed.

Telstra has confirmed it is discussing the possibility of offloading its New Zealand subsidiary TelstraClear to Vodafone.

The telco said in a statement to the stock exchange that it "was approached by, and is in discussions with, Vodafone New Zealand to explore the potential sale" of TelstraClear.

"Discussions are continuing and there is no certainty as to whether an agreement will be reached," the telco said [pdf].

New Zealand-based internet service provider Voyager Internet appeared to let the cat out of the bag on Twitter this morning.

"Hearing rumours @Vodafonenz has bought @TelstraClearNZ to get TCs [sic] stock of 4G spectrum & consolidate the market. Big telco shakeup if true!" the company posted.

News of the takeover talks came only a week after analyst firm Ovum speculated an imminent takeover in the other direction – TelstraClear snapping up a mobile operator.

TelstraClear operates a cable network and wholesales Vodafone's mobile service to approximately 50,000 customers.

Copyright © iTnews.com.au . All rights reserved.


Vodafone NZ in talks to buy TelstraClear
Is TelstraClear about to be offloaded?
 
 
 
Top Stories
At the top of her game
A decision to bring digital operations back in-house three years ago has paid big dividends for Tabcorp.
 
Westpac hires SAP man as CTO
Creates four new IT lead positions.
 
Qld Transport to replace core registration system
State's biggest citizen info repository set for overhaul.
 
 
Is TelstraClear about to be offloaded?
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Who do you trust most to protect your private data?







   |   View results
Your bank
  38%
 
Your insurance company
  3%
 
A technology company (Google, Facebook et al)
  8%
 
Your telco, ISP or utility
  7%
 
A retailer (Coles, Woolworths et al)
  2%
 
A Federal Government agency (ATO, Centrelink etc)
  21%
 
An Australian law enforcement agency (AFP, ASIO et al)
  15%
 
A State Government agency (Health dept, etc)
  5%
TOTAL VOTES: 973

Vote