Vodafone Australia and Hutchison Telecommunications (Australia), in which Telecom holds a 10 percent stake, have agreed to merge their Australian businesses.
Each company will own 50 percent of the joint venture, VHA Ltd.
Telecom spokesman Mark Watts said the New Zealand group was working through the details of what had been announced today.
VHA will market its products and services under the existing Vodafone brand, and retain the exclusive rights to the 3 brand, which is owned by Hutchison.
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