Vodafone Australia finally completes merger with TPG
Although regulatory opposition has delayed the transaction, Vodafone Australia and TPG are now officially a single entity, operating under the name TPG Telecom.
Although regulatory opposition has delayed the transaction, Vodafone Australia and TPG are now officially a single entity, operating under the name TPG Telecom.
Mukesh Ambani is proving to be one of the most popular figures in the telco world as two more investors have bought into the Reliance Jio mission to digitise India.
The final arguments have been presented to the Australian courts and now Vodafone Australia and TPG will have to wait until early 2020 for the decision on whether the $15 billion merger will be allowed.
Lawyers representing Vodafone Australia and TPG have suggested the Australian competition watchdog is not living in reality as it continues quest to force in a fourth MNO.
The Australian competition authority has decided that the telco merger of Vodafone and TPG amounts to excessive consolidation and has blocked it.
Australian telco TPG has abandoned plans to create a fourth mobile offering after the government order blacklisting Huawei, its main supplier, from the country.
The Australian regulator has pushed back the deadline for its decision on whether Vodafone Australia and TPG can move forward with the proposed £8.2 billion merger.
The Australian Competition and Consumer Commission (ACCC) is having a closer look at the AUS$15 billion TPG and Vodafone merger, with the signs looking rather ominous for the pair.
Competition and convergence are the key words as Vodafone Australia and TPG announce merger plans to lodge a challenge to market leaders Telstra and Optus.
The Australian mobile market may be set for consolidation with the revelation that Vodafone and TPG are thinking of hooking up.
TPG has announced customers who sign-up to the telcos new mobile offering will receive the first six months of data, voice and texts for free in exchange for helping test out the new network.
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