Vodafone buys TelstraClear

Vodafone has purchased TelstraClear for NZ$840m. This means that many of our original ISPs such as Clear.net and Ihug are now Vodafone.

It’s a sensible move for Vodafone, as the two companies complement each other and means they can go head to head with Telecom in landlines, mobile, broadband Internet and ultra-fast broadband.

What I will be looking for is whether Telstra, once the sale is approved, then makes a take over bid for Telecom, or at least a significant stake.