H L Data Storage Store Banner 970x90
Breaking News

MSI and Asus announces X670E motherborads AMD introduces Ryzen 7000 series, new chipsets and technologies CORSAIR introduce VOYAGER a1600 Gaming & Streaming Laptop AMD Advantage Edition Phison Announces Strategic PCIe Gen5 Relationship with AMD and Micron at Computex 2022 Apacer Unveils COMPUTEX 2022 Event Series

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Australian Federal Court Allows TPG-Vodafone Merger

Australian Federal Court Allows TPG-Vodafone Merger

Enterprise & IT Feb 13,2020 0

The Federal Court has declared a proposed merger between TPG Telecom and Vodafone Hutchison Australia would not substantially lessen competition, despite the oposition of the Australian Competition and Consumer Commission (ACCC).

The ACCC opposed the merger last year because it considered that, in the absence of the merger, TPG was likely to continue to roll out its own mobile network and become an innovative and disruptive competitor in Australia’s concentrated mobile telecommunications market.

The ruling revives a plan to challenge the dominance of Telstra Corp Ltd and Singapore Telecommunications’s Optus in the Australian market by giving TPG, an internet company, and Vodafone, a mobile phone company, access to each other’s sizeable nationwide networks.

The regulator has a month to lodge an appeal.

TPG Executive Chairman, David Teoh, said: “TPG is very pleased with the Federal Court decision and looks forward to combining with VHA to create Australia’s newest fully integrated telecommunications operator. We will work to finalise the other conditions to the merger as soon as possible.”

Vodafone Hutchison Australia (VHA) welcomeed the Court’s decision.

VHA Chief Executive Officer Iñaki Berroeta said it was a great outcome for the Australian economy as it would allow for greater investment in next generation networks including 5G.

“It’s been 18 months since we commenced the approval process for this merger and we’re very keen to move forward and deliver these benefits as soon as possible,” he said.

“We have ambitious 5G rollout plans and the more quickly the merger can proceed, the faster we can deliver better competitive outcomes for Australian consumers and businesses.”

He said the spectrum holdings of the merged company would increase Vodafone’s network capacity and scope for further investment.

Mr Berroeta said the merger should be completed in mid-2020, subject to the remaining regulatory/shareholder approvals, and any appeal by the ACCC.

“Australian consumers have lost a once-in-a-generation opportunity for stronger competition and cheaper mobile telecommunications services with this merger now allowed to proceed,” ACCC Chair Rod Sims said.

“Mobile telecommunication services are integral to Australia’s social and economic future and Telstra, Optus and Vodafone already control almost 90 per cent of the market. There is clear evidence that consumers pay more when markets are concentrated.”

“The ACCC’s concern was that with this merger, mobile data prices will be higher than they would be otherwise. These concerns were reinforced by statements from the industry welcoming the merger and the consequent “rational” pricing.”

The ACCC added it was "carefully considering the judgment."

Tags: Vodafone
Previous Post
Broadcom Announces First Wi-Fi 6E Chip for Mobile Devices
Next Post
Seagate's Lyve Labs Opens Doors In Tel Aviv

Related Posts

  • VodafoneZiggo Launches 5G Network in the Netherlands

  • Vodafone to Offer 30 Days of Free Unlimited Mobile Data for 500,000 Vulnerable Customers

  • Vodafone Quits Facebook’s Digital Currency Project

  • Deutsche Telekom Cooperates with Telefónica Deutschland and Vodafone for Network Expansion

  • Vodafone Challenges Deutsche Telekom With 5G Network in Germany

  • Vodafone Completes First COnnection of 5G Smartphones to its Network

  • Vodafone and Nokia to Create 4G network on the Moon

  • Ericsson and Vodafone join Forces On 5G Technologies

H L Data Storage Store Banner 300x600

 

Latest News

MSI and Asus announces X670E motherborads
PC components

MSI and Asus announces X670E motherborads

AMD introduces Ryzen 7000 series, new chipsets and technologies
Enterprise & IT

AMD introduces Ryzen 7000 series, new chipsets and technologies

CORSAIR introduce VOYAGER a1600 Gaming & Streaming Laptop AMD Advantage Edition
Gaming

CORSAIR introduce VOYAGER a1600 Gaming & Streaming Laptop AMD Advantage Edition

Phison Announces Strategic PCIe Gen5 Relationship with AMD and Micron at Computex 2022
Enterprise & IT

Phison Announces Strategic PCIe Gen5 Relationship with AMD and Micron at Computex 2022

Apacer Unveils COMPUTEX 2022 Event Series
Enterprise & IT

Apacer Unveils COMPUTEX 2022 Event Series

Popular Reviews

CeBIT 2005

CeBIT 2005

CeBIT 2006

CeBIT 2006

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

LiteOn iHBS112 review

LiteOn iHBS112 review

Club3D HD3850

Club3D HD3850

Pioneer BDR-2207 (BDR-207M) BDXL burner review

Pioneer BDR-2207 (BDR-207M) BDXL burner review

External USB Slim Recorders Comparison

External USB Slim Recorders Comparison

Crucial P1 NVMe 1TB SSD review

Crucial P1 NVMe 1TB SSD review

  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed