Australian Federal Court says $15 billion merger between Vodafone and TPG would not hurt competition

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Sprint Stock Soars 77% On T-Mobile Merger, Here’s Why One Expert Thinks It Could Keep SurgingSprint gained $15 billion in market value after its stock jumped on the merger news. So does this mean my plan will get more expensive? I love Sprint
Source: Forbes - 🏆 394. / 53 Read more »

Sprint Stock Soars 77% On T-Mobile Merger, Here’s Why One Expert Thinks It Could Keep SurgingSprint's stock increased 77% on the T-Mobile merger, here’s why 1 expert thinks it could keep surging: by skleb1234 skleb1234 T-Mobile is better
Source: Forbes - 🏆 394. / 53 Read more »

T-Mobile And Sprint’s $26 Billion Merger Gains Federal Judge’s ApprovalA federal judge approved today the $26 billion merger between T-Mobile and Sprint by lisettevoytko lisettevoytko lisettevoytko Finally! lisettevoytko balanm 👏🏼👏🏼👏🏼
Source: Forbes - 🏆 394. / 53 Read more »

T-Mobile, Sprint $56 Billion Merger Cleared After Court Rejects Challenge From StatesT-Mobile’s $56 billion deal to merge with Sprint has gotten the final green light, after a federal judge shot down a lawsuit from several U.S. state attorneys general that sought to block the combo…
Source: Variety - 🏆 108. / 63 Read more »

T-Mobile And Sprint’s $26 Billion Merger Gains Federal ApprovalThe two telecoms cleared their final hurdle: an antitrust lawsuit from 13 states. Talk about monopoly lol Ew Still won't be better than verizon!
Source: Forbes - 🏆 394. / 53 Read more »