ACCC blocks $15billion Vodafone-TPG Telecom merger | Sky News Australia

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 5 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 5%
  • Publisher: 78%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The Australian Competition and Consumer Commission has blocked a $15 billion merger between telecommunications companies Vodafone Hutchison Australia and TPG Telecom.

The decision was published online before markets closed, causing both

companies’ share prices to plummet. Vodafone is expected to appeal the decision.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Good I agree

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:

 /  🏆 7. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

'Embarrassing' blunder: ACCC blocks Vodafone and TPG Telecom mergerThe ACCC has blocked the $15 billion merger of the two telecommunications companies in a shock decision accidentally released early on its website. JennieDuke Great move acccgovau 👍
Source: smh - 🏆 6. / 80 Read more »

TPG share price crashes as ACCC blocks Vodafone mergerThe ACCC says it will oppose the $15 billion merger of Australia's third and fourth biggest telcos, arguing consumers may end up paying higher prices for less innovative mobile plans.
Source: abcnews - 🏆 5. / 83 Read more »