A woman holds her phone as she walks past an advertisement for Australia's TPG Telecom Ltd in central Sydney, Australia, April 12, 2017. REUTERS/Steven Saphore
SYDNEY - An Australian Federal court judge said on Thursday an agreed A$15 billion merger between a local joint venture of Britain’s Vodafone Group PLC and internet provider TPG Telecom Ltd would not lessen competition. The ruling appears to overturn a decision by antitrust regulator the Australian Competition and the Consumer Commission, which blocked the planned deal last year.
Why bother having a regulator, pointless.
Allow mergers to happen. If customers are not happy they will stop buying the products/ services of the merged entity and switch to others who offer better services at lower cost.
I have no idea how the Australian system of government works, so this doesn’t make a whole lotta sense. Pretty sure a judge in the US wouldn’t have this power.
so much power in the hands of judges
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