Infratil and Brookfield complete Vodafone New Zealand acquisition

31 Jul 2019

The consortium comprising local investment firm Infratil and Canada’s Brookfield Asset Management has announced it has executed a conditional agreement to acquire Vodafone New Zealand from Vodafone Group for an enterprise value of NZD3.4 billion (USD2.3 billion). The transaction, which was announced in May, has been concluded following regulatory approval by the Commerce Commission and Overseas Investment Office announced on 12 July.

Infratil Chief Executive Marko Bogoievski commented: ‘We are very pleased to complete the acquisition and look forward to working with Brookfield and supporting the Vodafone NZ management team in bringing world class services to New Zealanders.’

New Zealand, Brookfield Infrastructure Partners, Vodafone Group, Vodafone New Zealand