Court clears way for $15b Vodafone-TPG merger

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Breaking: Telco giants Vodafone and TPG have been given permission to merge

Telco giants Vodafone and TPG have been given permission to merge to create a new $15 billion mobile and broadband powerhouse after the Federal Court threw out a ruling by the ACCC that the tie-up would harm consumers.Justice John Middleton found in favour of the merger in a ruling handed down on Thursday.

However TPG has long held that it cannot afford to build a network, and no longer wants to, despite announcing plans before the merger that it planned to become a fourth player in mobile.Justice Middleton said that in 2017 for a "moment" TPG and its founder David Teoh had once planned to roll out a network but accepted the company no longer had those plans."To leave Vodafone and TPG in its current state would not promote competition in the market," he said.

"I have had the opportunity of Mr Teoh as he gave his evidence. No attack was made against his integrity and none was warranted."

 

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no competition= higher prices

Great. Less competition and higher prices. Straya

Surprising decision. Any person with a phone can tell you we lack true competition in the sector as it is. Struggling to see how furthering the oligopoly will lead to greater market efficiency and competitiveness? auspol

So waiting for more outage?!

Nooooooo

More corporate power and less competition. This is what happens when majority of people a LNP-voting corporate shills.

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