Vodafone NZ buys VoIP provider WorldxChange

Vodafone New Zealand has acquired the internet telephony provider WorldxChange Communications (WXC) for an undisclosed sum. WXC’s enterprise customers include the Reserve Bank, the Earthquake Commission and IAG Insurance; it also offers voice-over-internet protocol (VoIP) services to the residential sector. WXC was previously owned by its management, including co-founder and chief technology officer Paul Clarkin, who held a 70.6% interest. Vodafone is New Zealand’s largest cellular operator by subscribers, and is also active in the fixed broadband market following its 2012 acquisition of TelstraClear.