Spark and Vodafone can breathe a sigh of relief.

The Commerce Commission revealed the preliminary findings of its mobile market study this morning with no king-hit recommendations on regulation - and indeed gave the major mobile operators a pass on controversial wholesale deals that had been pegged as a possible point of shake-up.

Telecommunications Commissioner Dr Stephen Gale said competition indicators such as pricing, coverage and choice of mobile services were trending in a positive direction for consumers.

"We have three established mobile network operators in New Zealand and all are performing well on most measures of quality," Gale said.

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