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

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.