Vodafone (VOD) buys Telstra's struggling New Zealand operations for NZ$840M ($670M). The unit...

|About: Vodafone Group Plc (VOD)|By:, SA News Editor

Vodafone (VOD) buys Telstra's struggling New Zealand operations for NZ$840M ($670M). The unit serves only 16% of New Zealand's broadband market, but with Vodafone's backing it will now be able to compete much more aggressively with dominant player Telecom New Zealand (NZT).