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Vodafone offloads New Zealand operation to consortium
- Tuesday | 14th May, 2019
On completion of the sale, Vodafone said it would enter into a deal with Vodafone New Zealand to allow it to use its brand name and certain services. “An important aspect of our strategy is the active management of our portfolio and deleveraging, which this transaction further demonstrates,” Nick Read, chief executive of Vodafone Group, said in a statement. New Zealand firm Infratil said in a statement the acquisition was “strategically and financially compelling” for its shareholders. ($1 = 1.5232 New Zealand dollars)(Reporting by Praveen Menon in New Zealand and Paulina Duranin Sydney; Additional reporting by Sangameswaran S and Rishika Chatterjee in Bengaluru; Editing by Grant McCool and Stephen Coates)Likes “This is a unique opportunity for Brookfield,” said Stewart Upson, Brookfield chief executive officer of Asia Pacific.
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