ComCom delays Telstra ruling on Vodafone

TOM PULLAR-STRECKER
Last updated 07:30 23/10/2012

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The Commerce Commission has announced a second delay to its ruling on whether Vodafone should be allowed to buy TelstraClear, but this time it is a short one.

The commission had expected to decide on the $840 million takeover today, after missing its first target of September 7. But it says on its website it has pushed its ruling back another week to October 30.

Many analysts have tipped the regulator will eventually approve the takeover with some conditions. Vodafone first announced its intention to buy the Telstra subsidiary in July.

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- © Fairfax NZ News

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