Telecommunications company Vodafone New Zealand will sell its tower assets for NZ$1.7 billion to infrastructure investors Northleaf Capital and InfraRed Partners.
New Zealand’s competition regulator, The Commerce Commission, is still considering whether to give the green light to the acquisition of Vodafone NZ by the Infratil investment consortium.
Vodafone New Zealand has been bought by a consortium of long-term investors, New Zealand-based Infratil, and Canada-based Brookfield Asset Management for €2.1 billion (NZ$3.59 billion).
New Zealand infrastructure fund Infratil says it is in talks with the Vodafone Group to buy the company's New Zealand business, along with another unnamed party.
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