A Commerce Commission preliminary issues paper on the Vodafone NZ-Infratil deal released this morning confirms Trustpower is the potential stumbling block - but indications are it will not be an insurmountable one.

NZX-listed Infratil and Canadian investment firm Brookfield are going 50:50 in a bid to buy Vodafone's New Zealand operations for $3.4 billion.

Infratil already has a stake in the telco business by dint of its 51 per cent share in Trustpower, which has gained just under 100,000 broadband customers over the past few years in a push to bundle internet with power.

Trustpower says its average revenue from

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No Vodafone influence on Trustpower, pair argue

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Fixed-wireless focus

Clearance likely, but at what cost?

A tiddler