Speculation is mounting that the Vodafone Group is considering the sale of its New Zealand business.
The National Business Review weekly newspaper reported today an industry source saying there were strong indications the British-based Vodafone Group was looking to offload both its New Zealand and Australian businesses.
Such a sale could explain TelstraClear's decision to dump plans for building a mobile network in this country, the source said.
If TelstraClear's Australian parent Telstra was a hopeful buyer of Vodafone's Australasian business and assets, it would not need its own network in New Zealand.
Comment was not immediately available today from either Vodafone or TelstraClear.<ends>
Wonder how possible would it be for Telecom to make in investment and make the mobile market monopoly - or would the govt intervene. If so I wonder how much will Vodafone be worth - considering they already own iHUG which was at a price of $41million
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Comment by sbiddle, on 19-May-2007 07:04
What about Fiji? Did they forget about that?
Comment by antoniosk, on 19-May-2007 07:30
Voda NZ has already denied this as having any merit.
WHich always makes me wonder if the UK tells the NZ business what it's planning....
Comment by freitasm, on 19-May-2007 09:16
This was denied yesterday... and Stuff is not always the most reliable source for rumours.
Comment by sbiddle, on 19-May-2007 09:37
But Vodafone did deny they were planning to sell their Swedish network as well even though it was obvious Graham Maher had been sent there to turn the business around in preparation for the sale!
I could have pictured Vodafone pulling out of the Pacific in 2002/2003 had he not turned the Australian operations around, the fact all 3 networks are now profitable makes you wonder whether there would be any real gain in selling them when they make a positive cash contribution to the company and the money gained from a sale is peanuts really.
Comment by sbiddle, on 19-May-2007 10:39
I don't regulation poses any real threat to Vodafone NZ. They are not an incumbent telco, they are a company who has built a network from the ground up and established a customer base. In that respect regulation won't harm them however increased competition has the potential to harm them if they chose to ignore what their existing customers want. Customers are funny things but keep them happy and they will stay loyal, the same principal applies in any business.
Comment by Aloha, on 19-May-2007 18:41
This was a very old rumour (almost 6 months old) and Vodafone just denied it... Stuff should be more "updated"
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