Australian court approves US$10 bil Vodafone-TPG merger

SYDNEY: Two of Australia’s largest telecommunications firms appear set to merge, after a court ruled on Thursday that the multi-billion-dollar deal between Vodafone and TPG would not pose a major threat to competition.

The ACCC said it believed the smaller firm could have become an “innovative and disruptive” mobile phone provider in the country’s concentrated market, which is dominated by Telstra, Optus and Vodafone Australia. “The court has come to the view that the proposed merger would not have the effect, or be likely to have the effect of substantially reducing competition … the merger can proceed,” public broadcaster ABC reported him as saying.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US judge expected to rule in favour of merger of Sprint, T-Mobile, say sources | Malay MailNEW YORK, Feb 11 — A US district judge is expected to rule in favour of allowing Sprint and T-Mobile to merge over the objections of a group of state attorneys general, according to two sources familiar with the matter. Shares of Sprint surged 69 per cent in after hours trade and T-Mobile stock...
Source: malaymail - 🏆 1. / 86 Read more »