Receipt of correspondence relating to proposed merger
SKY TV
PO Box 9059
Newmarket
Auckland 1149
New Zealand
10 Panorama Road
Mt W ellington
Auckland 1060
New Zealand
T. +64 9 579 9999
sky.co.nz
skybusiness.co.nz
16 February 2017
Market Information Services Section
NZX Limited
PO Box 2959
Wellington
Company Announcements Office
ASX Limited
Level 4, 20 Bridge Street
Sydney, NSW
Australia
Receipt of correspondence relating to timing of completion of proposed merger of SKY
Network Television Limited (SKY) and Vodafone NZ businesses (Proposed Merger)
SKY and Vodafone have received letters from legal counsel representing Spark, Trustpower and
InternetNZ (Parties) requesting assurances that SKY and Vodafone refrain from completing the
Proposed Merger in the event that the New Zealand Commerce Commission (NZCC) gives its
clearance, for a period of time that will enable the Parties to challenge the NZCC decision in
court.
SKY and Vodafone have declined to provide the requested assurances. Counsel for Spark
indicated in their letter that if the assurances are not provided they anticipate being instructed to
seek an interim stay. SKY does not consider that there is any proper basis for seeking an interim
stay from the courts and, should any party seek an interim stay, SKY intends to oppose any such
application and seek an undertaking as to damages.
SKY has full confidence in the NZCC and its processes. In the event the NZCC provides
clearance in respect of the Proposed Merger, SKY intends to proceed to completion in an orderly
manner upon satisfaction or waiver of any outstanding conditions.
For further information please contact:
Jason Hollingworth
Chief Financial Officer
SKY Network Television
(09) 579 9999
021 312 928
jhollingworth@skytv.co.nz
Kirsty Way
Director of Corporate Communication
SKY Network Television
021422794
kway@skytv.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
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