ComCom delays Telstra ruling on Vodafone

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

Relevant offers

Industries

How Toyota poured 500 years of work into its new campus - during a labour shortage Chart of the day: How many Northland students are at or above National Standards? Oil and gas industry says plenty of water under bridge before oil drills hit Lake Te Anau Wellington Airport claims runway may need to be extended for existing operations Newsroom changes will lead to 'net loss' of staff says TVNZ boss Design changes delay $12 million Lower Hutt hotel Pumpkin Patch sells to Australian company Catch Group Scattergun online ads are killing brands Fletcher Construction chief Graham Darlow to retire Australian Tax Office could oppose Apple paying tax in NZ, says source

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.

Ad Feedback

- BusinessDay.co.nz

Comments

Special offers

Featured Promotions

Sponsored Content