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
SKY TVPO 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
Commerce Commission declines to clear the proposed merger of Vodafone and SKYSKY 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 9999021 312 928
jhollingworth@skytv.co.nz
Sky Network Television Ltd. published this content on 23 February 2017 and is solely responsible for the information contained herein.
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Original documenthttps://skynz.akamaized.net//documents/24003/3505505/23.02.17+SKY+Announcement+-+NZCC+clearance+declined.pdf/8f682931-f547-450d-84af-96c2a96dbd3f
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