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TPG-Vodafone merger suffers $700 million setback
09 May 2019 00:00
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.
Premature release of Vodafone Hutchison-TPG merger decision ‘deeply embarrassing,’ Australian competition chief says08 May 2019 12:36 by James PanichiA technical glitch that saw a regulatory decision on a proposed multibillion-dollar telecommunications merger published before the market had closed for the day was “deeply embarrassing,” Australia’s top competition official says.
08 May 2019 12:47 by Laurel HenningVodafone Hutchison Australia’s merger with local telecommunications operator TPG Telecom has been blocked, with the country's competition regulator revealing it hasn't accepted TPG's 11th-hour decision to pull the plug on its planned network rollout.