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Vodafone offloads New Zealand business to Brookfield, Infratil

Published 2019-05-13, 12:38 p/m
Updated 2019-05-13, 12:40 p/m
© Reuters.  Vodafone offloads New Zealand business to Brookfield, Infratil

May 13 (Reuters) - Vodafone Group Plc VOD.L 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 IFT.NZ and Brookfield Asset Management BAMa.TO , Vodafone said.

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. ($1 = 0.8902 euros)

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