| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 28 October 2008 |
| Investment | An overseas investment in significant business assets, being the Applicant's acquisition of rights or interests in up to 100 percent of the shares of New Zealand Communications Limited, the value of the assets of New Zealand Communications Limited and its 25% or more subsidiaries being greater than $100m. |
| Asset Value | CONFIDENTIAL |
| Applicant | Trilogy International New Zealand LLC United States of America (81.0%) Various (18.8%) United Kingdom (except Isle of Man and the Channel Islands) (0.2%) |
| Vendor | Existing shareholders of GEMS NZ B.V. and Tesbrit B.V. Switzerland (35.0%) Virgin Islands, British (21.9%) Various (13.3%) United States of America (9.1%) Japan (6.8%) Liechtenstein (5.0%) Luxembourg (4.7%) Austria (4.2%) |
| Background | The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005. |
| More information | Andrew W Harmos Kate Helem |