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VOD Vodafone Group Plc

70.46
1.04 (1.50%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vodafone Group Plc LSE:VOD London Ordinary Share GB00BH4HKS39 ORD USD0.20 20/21
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.04 1.50% 70.46 70.63 70.66 70.72 69.70 69.96 81,312,607 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Radiotelephone Communication 45.71B 11.84B 0.4372 1.62 19.13B

Sky Network Television And Vodafone New Zealand Drop Merger Plan

25/06/2017 11:47pm

Dow Jones News


Vodafone (LSE:VOD)
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   By Ben Collins 
 

Sky Network Television Ltd. (SKT.NZ) said Monday that a proposed merger with the local operations of Vodafone Group PLC (VOD.LN)would be abandoned.

It also said an appeal in the New Zealand High Court against a regulator's decision to block the merger on the grounds it would substantially lessen competition would be withdrawn. The 3.44 billion New Zealand dollar (US$2.5 billion) deal would have created the country's largest telecommunications and media group.

"Sky and Vodafone New Zealand will continue to work together to strengthen our commercial relationship for the benefit of the customers and the shareholders of our respective organizations," the companies said in a joint statement.

The pay-TV operator and telecommunications group did not give a reason for the decision.

 

Write to Ben Collins at ben.collins@wsj.com

 

(END) Dow Jones Newswires

June 25, 2017 18:32 ET (22:32 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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