Vodafone’s TestraClear Purchase, EMC Buys Silver Tail: Merger and Acquisitions Wrap
Vodafone’s (NASDAQ:VOD) proposed $691 million acquisition of the New Zealand wireline carrier TestraClear has been okayed by regulators. The buyer is hoping to pose a challenge to the local wireline leader Telecom New Zealand (NZTFC.OB)(NZTCY.OB), as TelstraClear owns fiber, local loop, and cable television networks, along with its New Zealand mobile operations.
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EMC Corporation (NYSE:EMC) purchases Silver Tail Systems, which develops software that analyzes Web/mobile activity to detect security threats and fraud. Details of the transaction were not reported. Silver Tail will be integrated with EMC’s RSA security division and the deal fits in with EMC’s stated aim of acquiring security firms that hold promising technologies.