February 15, 2017 / 8:03 PM / 6 months ago

BRIEF-SKY Network Television updates on completion of proposed merger of co and Vodafone NZ businesses

Feb 16 (Reuters) - SKY Network Television Ltd

* receipt of correspondence relating to proposed merger

* SKY and Vodafone have received letters from legal counsel representing Spark, Trustpower and InternetNZ (parties)

* Sky does not consider that there is any proper basis for seeking an interim stay from courts

* SKY and Vodafone have declined to provide requested assurances

* "SKY has full confidence in nzcc and its processes"

* should any party seek an interim stay, SKY intends to oppose any such application and seek an undertaking as to damages

* SKY does not consider that there is any proper basis for seeking an interim stay from courts

* letters requesting assurances that Sky and Vodafone refrain from completing proposed merger in event that nzcc gives its clearance, for a period of time

* in event NZCC provides clearance in respect of proposed merger, SKY intends to proceed to completion in orderly manner Source text for Eikon: Further company coverage:

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