The Australian competition watchdog has publicly apologised after it embarrassingly botched the announcement of a controversial decision to block Vodafone Hutchison Australia and TPG Telecom's $15 billion merger.
The ACCC unexpectedly blocked the merger between Vodafone and TPG - with big consequences for the entire telco market. ACCC chief operating officer Rayne de Gruchy said in a statement the issue had been rectified by applying a patch to the software."The ACCC has successfully managed highly market-sensitive commercial information for decades and this is the first time, to our knowledge, that a merger decision has been released in this manner," she said.
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