In NZ telecoms, media shake-up, Vodafone to sell unit to Sky Network for $2.4 billion

SYDNEY/WELLINGTON (Reuters) – Vodafone PLC agreed to sell its New Zealand unit to Auckland-based Sky Network Television Ltd for $2.4 billion in shares and cash, paving the way for a pivot by the British telecoms giant to faster growth markets in Asia.

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Read the original at Reuters: Top News.