Vodafone Group Plc has today announced the conditional sale of 100% of Vodafone New Zealand Limited to a consortium of long-term investors, New Zealand-based Infratil, and Canada-based Brookfield Asset Management (collectively referred to as the ‘Consortium’).
Upon completion, Vodafone Group Plc and Vodafone New Zealand will enter into a multi-year Partner Market agreement, which includes preferential roaming arrangements, access to Vodafone’s global Internet of Things (IoT) platform and central procurement functions, plus a range of services for business and consumer markets.
Vodafone New Zealand Chief Executive, Jason Paris, said it stands to be a great outcome for New Zealand consumers and businesses, and one that marks a new era.
“It’s the absolute best of both worlds for customers. We’ve got the backing of two new world class and long-term investors plus we can continue to tap into Vodafone’s global expertise, including all the services our customers value such as global roaming, global procurement and the world’s largest internet of things platform.
“The key things will stay the same – our strategy, our people, our management team, our brand, and our ability to tap into Vodafone’s global products and services. What changes is our owners, who back our ambitious plans for New Zealand and who share our views on the importance of creating sustainable, long-term profitability in order to reinvest in the future. So it really is the best of global and local.
“Customers will benefit as we look to maximise the opportunities presented by new and emerging technologies, such as IoT, 5G, Artificial Intelligence and Data Analytics. And we know we have a lot of work to do to deliver more consistent customer service so we’ll focus even more on getting it right for our customers, first time, every time.”
Infratil CEO Marko Bogoievski said, “Infratil has a proven track record of establishing long-term partnerships to realise the growth potential of our investee companies, and we are particularly pleased to have secured this opportunity with Vodafone NZ. We are also excited to be introducing some local ownership, which will be important in terms of how we work together to grow the business over the coming years.”
The Transaction is subject to regulatory approvals.
Infratil chief executive, Marko Bogoievski, and Vodafone NZ chief executive, Jason Paris, will this morning host a joint briefing and conference call at 10:30am on Level 17, PwC Tower, 188 Quay St. The first hour will comprise an investor briefing and questions, followed by media questions during the second hour.
To join the call please use one of the phone numbers below.
- New Zealand: 0800 122 361
- Auckland: 09 950 5335
- Wellington: 04 830 1014
- Christchurch: 03 741 3924
- Australia: 1800 760 146
Question and answer instructions:
To ask a question once the briefing has concluded:
Press * then 1 on your telephone keypad to enter the Q&A queue
Press * then 2 on your telephone keypad to withdraw your question.
Media contact: Head of External Affairs Richard Llewellyn 027 523 2362 email@example.com
About Vodafone Group
Vodafone Group is one of the world’s largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone Group has mobile operations in 25 countries, partners with mobile networks in 41 more, and fixed broadband operations in 19 markets. As of 31 December 2018, Vodafone Group had approximately 700 million mobile customers and 21 million fixed broadband customers, including all of the customers in Vodafone’s joint ventures and associates. For more information, please visit: www.vodafone.com.
About Infratil Limited
Infratil is a New Zealand based investment company specialising in infrastructure that provides essential services to individuals and communities. Concentrating on long-term growth sectors, Infratil currently owns data, connectivity, social infrastructure, renewable energy and airport businesses. Infratil’s current investment portfolio of infrastructure businesses includes Trustpower, Tilt Renewables, Wellington Airport, Longroad Energy and Canberra Data Centres. Infratil was one of the world's first listed infrastructure funds when it was established and listed on the New Zealand Exchange in 1994. Infratil is currently listed on both the NZX and ASX and has over 17,000 shareholders and 16,000 bondholders.
Brookfield Asset Management Inc. is a leading global alternative asset manager with over $365 billion USD in assets under management. The company has a 120-year history of owning and operating assets with a focus on real estate, renewable power, infrastructure and private equity. Brookfield is co-listed on the New York, Toronto and Euronext stock exchanges under the symbol BAM, BAM.A and BAMA, respectively. For more information, please visit www.brookfield.com.