Sky TV, Vodafone would have to wait to mergeTOM PULLAR-STRECKER/FAIRFAX NZ Sky TV receives set back. The High Court in Auckland has granted a legal stay that would prevent Sky Television and Vodafone NZ from immediately merging their businesses, even if the country's competition watchdog agrees to the merger. READ MORE:* Spark seeks injunction to prevent Sky/Vodafone 'fait accompli'* Sky TV reports downturn on eve of merger rulingSky Television shares were put on a trading halt in the wake of the court ruling. Sky and Vodafone NZ would not be allowed to merge their businesses until midnight on the third day after the commission released the detailed reasons for its ruling, the High Court decided. That could delay the merger by weeks, in the event it was approved by the commission.

Source: Stuff February 22, 2017 02:49 UTC