The Australian Competition and Consumer Commission said on Wednesday ‘it has decided to oppose the proposed merger’ between Vodafone Hutchison Australia and TPG Telecom. A jogger in front of newly constructed residential and commercial projects in Sydney. Photo: AFP

Vodafone Australia, TPG Telecom merger blocked by regulator; companies say they will take court action

  • Australian competition regulator blocks planned US$7.7 billion deal that would merge TPG Telecom and Vodafone Hutchison Australia Pty
  • Regulator cited in December concerns of ‘substantial lessening of competition’ and higher prices arising from planned merger
Topic |   Mergers & Acquisitions

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The Australian Competition and Consumer Commission said on Wednesday ‘it has decided to oppose the proposed merger’ between Vodafone Hutchison Australia and TPG Telecom. A jogger in front of newly constructed residential and commercial projects in Sydney. Photo: AFP
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