Vodafone Australia and TPG have announced that they have entered discussions on a possible merger of the two mobile and fixed-line telecom companies, reported Reuters.
TPG referred to it as a “merger of equals,” but added there is no certainty that a transaction will occur, or what the terms would be.
A tie-up could provide a faster and cheaper entry into the mobile network market for TPG, analysts said. The company already offers mobile services on a virtual network on Vodafone’s infrastructure.
TPG and Vodafone Australia declared in separate statements they were in “exploratory” talks, while offering no details such as whether a deal would represent a takeover by either party.
“There is no certainty that any transaction will eventuate or what the terms of a transaction would be,” TPG stated, while Vodafone called the talks “non-binding.”
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI