Vodafone offloads New Zealand business to Brookfield, Infratil for $2.36 billion

(Reuters) - Vodafone Group Plc said on Monday that it had agreed to sell its New Zealand business for about 2.1 billion euros ($2.36 billion) to a consortium comprising of New Zealand-based Infratil Ltd and Canada's Brookfield Asset Management. The deal comes as Vodafone is looking to consolidate its businesses in Australia and New Zealand, with a $11 billion deal underway to merge its Australian joint venture business with TPG Telecom.

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