13 July 2012: The Commerce Commission has received an application from Vodafone New Zealand Limited seeking clearance to acquire TelstraClear Limited. Under the terms of the proposed acquisition, Vodafone will acquire 100% of the shares and/or assets of TelstraClear from Telstra Corporation Limited.
Vodafone is a mobile phone operator in New Zealand and has a nationwide network servicing its mobile retail customers, as well as wholesaling mobile services to other providers. In addition, Vodafone offers a range of fixed line services to residential and business customers.
TelstraClear offers a range of predominantly fixed line services to residential and business customers throughout New Zealand. In addition to its fixed line products, TelstraClear also offers cable TV, mobile (through a wholesale agreement with Vodafone) and backhaul services.
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