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Australia court approves $10 billion Vodafone-TPG merger, overrules regulator
February 12, 2020 7:00 PM ESTBy Byron Kaye
SYDNEY (Reuters) - An Australian court approved a A$15 billion ($10.1 billion) merger between a unit of Britain's Vodafone Group (NASDAQ: VOD) and internet provider TPG Telecom on Thursday, overruling a regulator and enabling a huge rival to the country's top telcos.
A Federal Court judge said a tie-up between Vodafone's joint venture with local telco Hutchison Telecommunications (Australia) Ltd (NYSE: HTA) and TPG would not harm competition, rejecting the Australian Competition and Consumer Commission's (ACCC) reason for blocking the deal last... More
