Aussie competition regulator to block TPG-Vodafone merger

PC Lee
PC Lee5/8/2019 05:26 PM GMT+08  • 1 min read
Aussie competition regulator to block TPG-Vodafone merger
(May 8): Australia's competition regulator will oppose to the A$15 billion ($14.3 billion) merger between mobile phone and Internet data providers TPG and Vodafone Hutchison Australia (VHA).
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(May 8): Australia's competition regulator will oppose to the A$15 billion ($14.3 billion) merger between mobile phone and Internet data providers TPG and Vodafone Hutchison Australia (VHA).

Shares in TPG, which became Singapore's fourth mobile operator in 2016, and Hutchison Australia plummeted after the Australian Competition and Consumer Commission (ACCC) accidentally published the news on its mergers register on Wednesday afternoon before the market closed.

In a delayed statement that came out after the market closed, ACCC said a TPG-Vodafone merger would “further concentrate an already very concentrated Australian telecommunications market”.

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