Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Telstra Saturn Applies To Acquire Clear

Issued 15 November 2001/112

Telstra Saturn Applies To The Commerce Commission To Acquire Clear Communications

The Commerce Commission has received an application from TelstraSaturn Limited for clearance under the Commerce Act to acquire all of the assets of Clear Communications Limited.

TelstraSaturn was incorporated in New Zealand on 19 July 1989. Shareholders in TelstraSaturn include Austar United Communications Limited, Telstra Holdings Pty Limited and Saturn (NZ) Holding Company Pty Limited. Clear is a wholly owned member of the British Telecommunications plc group of companies. The sole shareholder of Clear is Newgate (NZ) Holdings Limited which is a wholly owned subsidiary of BT (Netherlands) Holdings B.V.

TelstraSaturn currently provides the New Zealand market with cable TV, Internet and data services, business Internet services, and owns a web design company called Zivo. Clear offers a range of voice data, Internet and e-commerce services as well as its Internet Service Provider (ISP) - Zfree.

In considering the application, the Commission's role is to determine whether the merged company has the effect of substantially lessening competition in the market.

A public version of TelstraSaturn's application is available on request from the Commerce Commission.

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>