May 14 (Reuters) - Infratil Ltd IFT.NZ :
* INFRATIL ANNOUNCES NZ$3.4 BILLION ACQUISITION OF VODAFONE NEW ZEALAND
* NZ$3.4 BILLION PURCHASE PRICE TO BE FUNDED VIA NZ$1,029 MILLION EQUITY CONTRIBUTION FROM EACH OF INFRATIL AND BROOKFIELD
* VODAFONE NZ GENERATED REVENUE OF NZ$2.0 BILLION AND UNDERLYING EBITDA OF NZ$463 MILLION FOR 12 MONTHS TO 31 MARCH 2019
* EQUITY CONTRIBUTION IS EXPECTED TO BE FUNDED VIA A FULLY UNDERWRITTEN EQUITY RAISING OF UP TO NZ$400 MILLION
* SIGNIFICANT PROPORTION OF ANY EQUITY RAISING IS EXPECTED TO BE DIRECTED TOWARDS EXISTING SHAREHOLDERS
* REMAINDER TO BE FUNDED THROUGH COMBINATION OF NZ$400 MILLION OF DEBT FROM COMMITTED ACQUISITION DEBT FACILITY AND USE OF EXISTING DEBT FACILITY
* INFRATIL WILL CONTINUE TO EVALUATE OPTIMAL TIMING TO UNDERTAKE AN EQUITY RAISING