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Australia: TPG and Vodafone consider merger

 |  August 22, 2018

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

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