Regulators have signed off on Vodafone's (VOD) $691M purchase of New Zealand wireline carrier...

|About: Vodafone Group Plc (VOD)|By:, SA News Editor
Regulators have signed off on Vodafone's (VOD) $691M purchase of New Zealand wireline carrier TestraClear. Vodafone plans to integrate TelstraClear, which owns fiber, local loop, and cable TV networks, with its New Zealand mobile ops. By doing so, the company hopes to challenge local wireline leader Telecom New Zealand.