Vodafone NZ will be newly freed and focused if its $3.4 billion 50:50 buyout by Infratil and Canadian investment company Brookfield goes ahead, analysts were told on a conference call.

Infratil chief executive Marko Bogoievski - who is lined up to chair the post-deal telco - said Vodafone NZ management had been distracted over the past three years by the Sky TV merger attempt and the mooted initial public offering (IPO).

He added that companies with offshore parents can "suffer from a lack of investment" and "could respond to a bit of love".

Vodafone NZ chief executive Jason Paris -

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