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
Don’t mention digital disruption to David Whiteing
Buzzwords don’t curry favour with CBA's new CIO - it’s all just innovation to him.
 
Content, cost & constant innovation: How Foxtel plans to take on Netflix
Nell Payne inhabits the “brave new world of blue strings and networking”. Just don't ask her to put a TV screen on your microwave.
 
Westpac fires starting pistol on core banking upgrade
St George readies itself for move to Celeriti.
 
 
Is TelstraClear about to be offloaded?
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Should Optus make a bid for iiNet?

   |   View results
Yes
  43%
 
No
  57%
TOTAL VOTES: 616

Vote