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New Deal


Announced

Completed

Vodafone sold its New Zealand unit to Brookfield and Infratil for €2.1bn.

Financials

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Transaction Value£1,813m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA7.3x
Share Price Premium-
One Off Charge-

Tags

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Private Equity

tv services

broadband

fixed line voice

mobile

Mobile

Acquisition

New Zealand

Private

Completed

Friendly

Majority

Single Bidder

Synopsis

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Vodafone Group, a British multinational telecommunications conglomerate, sold its New Zealand unit to Brookfield Asset Management and Infratil, a New Zealand-based infrastructure investment company, for €2.1bn. “An important aspect of our strategy is the active management of our portfolio and deleveraging, which this transaction further demonstrates. We have always been proud of our Vodafone New Zealand business, which has a great team, and we look forward to a continued close relationship through our Partner Market agreement,” Nick Read, Vodafone Group Chief Executive.

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