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Vodafone offloads New Zealand business to Brookfield, Infratil

Published 05/13/2019, 12:46 PM
Updated 05/13/2019, 12:50 PM
© Reuters. FILE PHOTO:  A Vodafone logo is seen on a mobile internet dongle in this photo illustration

(Reuters) - Vodafone Group (LON:VOD) Plc said on Monday that it agreed to sell its New Zealand business to a consortium for about 2.1 billion euros ($2.36 billion).

The consortium comprises of New Zealand-based Infratil Limited and Brookfield Asset Management, Vodafone said.

© Reuters. FILE PHOTO:  A Vodafone logo is seen on a mobile internet dongle in this photo illustration

Vodafone added that, on completion of the deal, it would enter into an deal with Vodafone New Zealand to allow it to use its brand name and certain services

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