SYDNEY - Australia’s competition regulator on Wednesday said it opposed a proposed A$15 billion merger between TPG Telecom Ltd and Vodafone Group’s Australian unit, sending shares in TPG sliding to an eight-month low.
The move comes after the Australian Competition and Consumer Commission warned in December that the deal, which would re-make Australia’s cut-throat mobile phone market, may hurt competition. “This information was inadvertently published online on our mergers register briefly this afternoon. We intend to publish a further media release shortly,” the ACCC said in a statement.
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Occidental: Skipping shareholder merger vote will make its Anadarko bid superior to Chevron'sOccidental Petroleum Corp said on Monday that its latest bid to take over Anadar...
Source: Reuters - 🏆 2. / 97 Read more »
Norway's Telenor plans Asian telecoms merger with Malaysia's AxiataNorway's Telenor is in talks with Malaysia's Axiata Group to form a jo...
Source: Reuters - 🏆 2. / 97 Read more »
First Data and Fiserv each reported a strong Q1 ahead of their mergerBI PRIME: Fiserv and First Data both announced their Q1 2019 earnings, providing insights into their performance ahead of their upcoming merger.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Failure of Deutsche Bank-Commerzbank merger talks no surprise: watchdogThe failure of merger talks between Deutsche Bank and Commerzbank was 'not ...
Source: Reuters - 🏆 2. / 97 Read more »
‘Star Wars,’ ‘Avatar’ release dates announced in wake of Disney-Fox mergerThe post-Fox merger Disney universe is beginning to come into focus with release date plans for new 'Star Wars' films, the 'Avatar' sequels and a longer delay for 'X-Men' spinoff 'New Mutants.' Just what the universe needs, more intergalactic warfare lul
Source: latimes - 🏆 11. / 82 Read more »
T-Mobile Pushes Back Deadline For Sprint MergerA year into the merger review, fate of the contentious deal between No. 3 and 4 wireless carriers remains uncertain.
Source: Forbes - 🏆 394. / 53 Read more »
UK grocer Sainsbury's plans investment drive after blocked merger with Walmart-owned AsdaBritish supermarket group Sainsbury's lamented the blocking of its takeover of Walmart-owned Asda, as it reported a slight decline in underlying sales for the first quarter.
Source: CNBC - 🏆 12. / 72 Read more »
U.S. education groups McGraw-Hill, Cengage plan all-stock mergerEducational publishers McGraw-Hill Education Inc and Cengage Learning Holdings I...
Source: Reuters - 🏆 2. / 97 Read more »