News Formal

Aussie regulator blocks massive telco merger in shock move | The Malaysian Insight

  • 📰 msianinsight
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Aussie regulator blocks massive telco merger in shock move

Vodafone Hutchison Australia and TPG Telecom last year announced a deal to form a A$15 billion unit to take on Telstra and Optus in Australia's increasingly competitive telecoms sector. However, regulators have ruled that the merger 'will reduce competition and contestability'. – EPA pic, May 8, 2019.

AUSTRALIAN regulators today blocked a multibillion-dollar merger between Vodafone Hutchison Australia and TPG Telecom, in a surprise announcement that sent shares in the firms plunging. The companies announced last August a deal to form a A$15 billion unit to take on Telstra and Optus in an increasingly competitive telecoms sector.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 8. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Najib amends post after claiming 'mandatory' job loss from telco mergerAxiata had stressed that any jobs to let go will be purely voluntary. Can u just not interfere boleh tak Jibby. Fokus kes kau tu ataupun dh tau dan nk menyerah kalah.... 😄
Källa: malaysiakini - 🏆 20. / 51 Läs mer »