Managing Editor, Australasia
TPG-Vodafone merger suffers $700 million setback
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.