As VodaClear gets the go ahead, Telecom takes its opportunity

  • Advertising
  • October 31, 2012
  • StopPress Team
As VodaClear gets the go ahead, Telecom takes its opportunity

We've seen the banks gunning for new customers after a big merger. Now, after Vodafone's $840 million takeover of TelstraClear was cleared by the Commerce Commission yesterday, it's time for the telcos to have some fun, with Telecom running a full-page print ad today riffing on TelstraClear's slogan.  

Vodafone says the TelstraClear brand will be phased out within the next year or two and TelstraClear chief executive Dr Allan Freeth is on his way out after seven years at the company with his last day being November 1.

TelstraClear chairman Gordon Ballantyne said the company had grown from a fledgling challenger to a major profitable player under Freeth’s leadership.

The transaction is tipped to be completed today but Vodafone and TelstraClear will keep trading as separate business units to begin with. 

"This acquisition will allow us to combine our strength in mobile with TelstraClear’s strength in fixed communications solutions," says Vodafone New Zealand chief executive Russell Stanners. "Vodafone has a strong track record of innovation and New Zealanders can look forward to a whole lot more from Vodafone over the coming months and years."

The Commerce Commission didn't find any significant business overlap between Vodafone and TelstraClear in the provision of either mobile phone services or fixed line services to large businesses.

"In reaching its decision, the commission considered that the merged entity would continue to face competition from Telecom, as well as Orcon, Slingshot and other smaller businesses in providing fixed line voice and broadband services to residential and small business customers," said chairman Dr Mark Berry. 

This is a community discussion forum. Comment is free but please respect our rules:

  1. Don’t be abusive or use sweary type words
  2. Don’t break the law: libel, slander and defamatory comments are forbidden
  3. Don’t resort to name-calling, mean-spiritedness, or slagging off
  4. Don’t pretend to be someone else.

If we find you doing these things, your comments will be edited without recourse and you may be asked to go away and reconsider your actions.
We respect the right to free speech and anonymous comments. Don’t abuse the privilege.

Beacons 2019: All eyes on FCB Media as it rains gold, PHD crowned Media Agency of the Year

  • Awards
  • May 17, 2019
  • StopPress Team
Beacons 2019: All eyes on FCB Media as it rains gold, PHD crowned Media Agency of the Year

It was FCB Media's night last night at the 2019 Commercial Communications Council Beacon Awards, when the agency took home gold after gold in front of a sell-out crowd of New Zealand's media personalities.

Read more
Next page
Results for

StopPress provides essential industry news and intelligence, updated daily. And the digital newsletter delivers the latest news to your inbox twice a week — for free!

©2009–2019 ICG Media. All rights reserved.
Use of this site constitutes acceptance of our Privacy policy.


Contact Vernene Medcalf at +64 21 628 200 to advertise in StopPress.

View Media Kit