Vodafone In Talks To Buy TelstraClear From Telstra Corp
June 06 2012 - 2:29AM
Dow Jones News
LONDON---Mobile giant Vodafone PLC (VOD.LN) said Wednesday it
has entered into discussions with Telstra Corp (TLS.AU) to explore
a potential acquisition of Telstra's New Zealand subsidiary,
TelstraClear.
MAIN FACTS:
-Discussions are continuing and there is no certainty as to
whether an agreement will be reached.
-Vodafone shares closed Friday at 167.18 pence valuing the
company at GBP85.69 billion.
-Write to Ian Walker at ian.walker@dowjones.com
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