Story image

NZ Commerce Commission gives green light to Vocus/M2 merger

07 Dec 15

The Commerce Commission has given the go-ahead for the Vocus and M2 merger.

Both Vocus and M2 are Australia based providers of telecommunications services with extensive operations in New Zealand.

The Commerce Commission says it is satisfied that the acquisition will not have, or would not be likely to have, the effect of substantially lessening competition in the affected markets and as such has allowed Vocus to acquire up to 100% of the shares and/or assets in M2.

Dr Mark Berry, Commission chairman, says, “While both Vocus and M2 provide calling, broadband and data services to residential and commercial customers, they are not close competitors for any of the services that they provide.

“We also consider that strong competition will continue to be provided by Vodafone, Spark and Chorus."

The Commission also considered whether merging Vocus’s national fibre optic backhaul network with M2’s retail calling and broadband services would give it the ability to foreclose downstream competitors.

“Given the presence of Spark, Vodafone and Chorus, which all have large backhaul networks, we did not consider that foreclosure would be likely,” Berry says.

A public version of the written reasons for the decision will be available shortly on the Clearances Register, according to the Commission.

In September of this year, Vocus and M2 announced the plans to merge and create a $3 billion full-service vertically integrated telco.

According to the pair, the merged company will be New Zealand’s third largest integrated telco and the fourth largest in Australia.

The merger will combine telecommunications infrastructure and corporate customer base from Vocus with M2’s expertise in the consumer and SME segments.

Proofpoint launches feature to identify most targeted users
“One of the largest security industry misconceptions is that most cyberattacks target top executives and management.”
How blockchain will impact NZ’s economy
Distributed ledgers and blockchain are anticipated to provide a positive uplift to New Zealand’s economy.
McAfee named Leader in Magic Quadrant an eighth time
The company has been once again named as a Leader in the Gartner Magic Quadrant for Security Information and Event Management.
Symantec and Fortinet partner for integration
The partnership will deliver essential security controls across endpoint, network, and cloud environments.
Review: Blue Mic’s Satellite headphones are good but...
Blue Mic’s newest wireless headphones deliver on sound, aesthetic, and comfort - but there is a more insidious issue at hand.
Is Supermicro innocent? 3rd party test finds no malicious hardware
One of the larger scandals within IT circles took place this year with Bloomberg firing shots at Supermicro - now Supermicro is firing back.
Forcepoint and Chillisoft - “a powerful combination”
Following Chillisoft’s portfolio expansion by signing on Forcepoint, the companies’ execs explain how this is a match made in cybersecurity heaven.
David Hickling in memoriam: “Celebrate the life and the music it made”
Dave was a well-respected presence in the IT channel and his recent death was felt by all the many people who knew him as a colleague and a friend.