TPG Telecom shareholders have overwhelmingly backed the telco’s decision to merge with Vodafone Hutchison Australia, paving the way for the $15 billion deal to be completed next month.
The name change will allow Vodafone Hutchison Australia to buy all shares in TPG and land on the ASX as TPG Telecom Limited, with the listing scheduled for next Tuesday. “The merger brings together two highly complementary businesses to create a leading integrated, full-service telecommunications company with a comprehensive portfolio of fixed and mobile products for consumers, SMEs and enterprises,” he told shareholders at the meeting.“Combining the network infrastructure of TPG and VHA will enable the merged company to deliver better services and more competitive value propositions to Australian customers and become a more formidable competitor in the market.
TPG's existing operations in Singapore will be hived of into a separate company called Tuas, which will be listed on the ASX.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TPG, Vodafone in possible merger | Sky News AustraliaTPG shareholders will on Tuesday decide whether to merge with Vodafone to form a company which could rival telco giants Telstra and Optus.\n\nShareholders are expected to vote in favour of the proposal.\n\nLocally, the ASX 200 is positive in early trade, with technology stocks leading the gains.\n\nIn the US the NASDAQ, which is a technology index, hit a new record high which reflects the gains made on Australian markets.\n\nImage: Getty\n corporate greed
Source: SkyNewsAust - 🏆 7. / 78 Read more »
TPG, Vodafone in possible merger | Sky News AustraliaTPG shareholders will on Tuesday decide whether to merge with Vodafone to form a company which could rival telco giants Telstra and Optus.\n\nShareholders are expected to vote in favour of the proposal.\n\nLocally, the ASX 200 is positive in early trade, with technology stocks leading the gains.\n\nIn the US the NASDAQ, which is a technology index, hit a new record high which reflects the gains made on Australian markets.\n\nImage: Getty\n corporate greed
Source: SkyNewsAust - 🏆 7. / 78 Read more »
SCG Trust to take control of all NSW stadiums after major mergerThe Berejiklian Government reveals plans to allow the SCG Trust to take control of all the state's stadiums as part of a merger with Venues NSW it claims will make it easier to attract 'blockbuster' events. Even the headline is wrong. Is this an error or a lie? needs to change its name to abcsports. Enough with the sports coverage already! A not so subtle comment by the ABC on its thoughts of the merger by showing pictures of both the SCG and ANZ Stadium in inclement weather
Source: abcnews - 🏆 5. / 83 Read more »
SCG Trust merger opens door for Souths to move back to AllianzThe deal effectively ends the state's ugly “stadium wars”, which saw the SCG Trust and Venues NSW competing for “content” with codes, clubs and entertainment promoters for decades | SMHsport SMHsport Merger or monopoly? SMHsport Webster is as ever the optimist. Tony Shepherd, GWS Chairman now running ANZ Stadium means it will never be reconfigured and rest assured all NRL premier games will be concentrated in Moore Park. The anachronism of the SCG Trust now perpetuated... SMHsport Good practical decision about an irrelevant matter. How about making some tough decisions on population, property speculation, water, congestion, productive jobs and the economy?
Source: smh - 🏆 6. / 80 Read more »