Vodafone sounds out Telstra over TelstraClear deal

6 Jun 2012

Australia’s Telstra has confirmed that it has entered into discussions regarding the potential sale of TelstraClear, its struggling New Zealand fixed line unit, to Vodafone New Zealand. Reuters reports the Australian firm as saying that it has been approached by Vodafone New Zealand, the country’s largest mobile operator by subscribers, about selling TelstraClear, which has been stung by lower revenues and high capital expenditures in recent years, due to the costs of rebuilding its network infrastructure in Christchurch, following the earthquake in 2011. Alongside its hybrid fibre-coaxial (HFC) network in Wellington, Kapiti and Christchurch, TelstraClear also possesses potentially valuable spectrum in the 1900MHz and 2100MHz frequency bands, which could conceivably be used for the deployment of Long Term Evolution (LTE) technology. TelstraClear was awarded the 3G spectrum in February 2001, only to sideline its rollout plans in favour of mobile virtual network operator (MVNO) deal with Vodafone.

New Zealand, Telstra (incl. Belong), TelstraClear, Vodafone New Zealand