TPG-Vodafone merger suffers $700 million setback

Introduction

Date: 9 May 2019. Duration: 17:25

A merger that would have seen Australia’s broadband and mobile network markets changed forever suffered a costly A$1 billion ($700 million) loss this week after a premature announcement from Australia’s competition regulator blocked the deal. Now the companies are preparing to take their fight to a Federal Court.

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