ComCom delays Telstra ruling on Vodafone

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

Relevant offers

Industries

KFC, Pizza Hut, Carl's Jr, Starbucks workers strike for pay rise, restaurants feeling the heat Jamie Oliver's NZ plans uncertain as he narrowly avoids Australian collapse Vote of confidence for parking systems firm Frogparking KFC, Pizza Hut, Carls Jr, Starbucks workers go on strike Scores of job losses expected at Orion Health Fuji Xerox New Zealand's parent company estimates $285m losses caused by accounting irregularities Super Fund suffers setback with 'expansion capital' strategy after write-off Amazon's 'secret weapon': understanding how website experience can influence shoppers Police move to strip brothel owner Fan Jiang of $2m assets TAG Oil invests millions, seeing promise in Taranaki onshore prospects

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