Commerce Commission declines to clear the proposed merger
SKY TV
PO Box 9059
Newmarket
Auckland 1149
New Zealand
10 Panorama Road
Mt Wellington
Auckland 1060
New Zealand
T. +64 9 579 9999
sky.co.nz
skybusiness.co.nz
23 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
Commerce Commission declines to clear the proposed merger of Vodafone and SKY
SKY Network Television Ltd (SKY) and Vodafone Group Plc have today been advised by the
New Zealand Commerce Commission of its decision not to clear the two companies’ proposed
merger of their operating businesses in New Zealand.
Following its review of the merger application and subsequent submissions, the New Zealand
Commerce Commission concluded that it cannot be satisfied that the merger would not
substantially lessen competition.
SKY Chief Executive John Fellet commented, “This is a very disappointing conclusion to a
merger we saw as enhancing New Zealand’s communications and media landscape. From
here we will continue to strive to deliver innovative ways to curate and deliver entertainment to
all of New Zealand.”
For further information please contact:
Jason Hollingworth
Chief Financial Officer
SKY Network Television
(09) 579 9999
021 312 928
jhollingworth@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.
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