TLSYY Telstra Corporation Limited (PK)

   By Gavin Lower 
 

MELBOURNE--Telstra Corp. (TLS.AU) said Tuesday it is in discussions with Vodafone New Zealand (VOD) to sell its New Zealand subsidiary TelstraClear to Vodafone.

"Discussions are continuing and there is no certainty as to whether an agreement will be reached," Telstra said in a statement to the Australian Securities Exchange.

write to Gavin Lower at gavin.lower@wsj.com