back to article Kiwi telcos hungry for consolidation

A desperate need for consolidation in the New Zealand market is being driven by the government’s national broadband network initiatives and could see accelerated exits and/or acquisitions according to analysts Ovum. Commenting on the speculation over takeover talks between Vodafone New Zealand and TelstraClear, Ovum’s David …

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Sauce?

"Telstra has a potential war chest of AUD$22 billion based on forecast NBN compensation."

Where did this figure originate from? I can't find a reference to it anywhere, $11bn seems to be what's being bandied about.

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