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Australia: Regulator delays decision on TPG-Vodafone merger

 |  January 22, 2019

Australia’s competition watchdog has delayed its decision on whether to approve the AU$15 billion (US$8.3 billion) merger of TPG Telecom and Britain’s Vodafone after raising concerns in December, reported Reuters.

The Australian Competition and Consumer Commission (ACCC) set April 11 as the new provisional date for its decision on the mega-telecom tie-up, two weeks later than it initially intended.

The regulator stated the delay was due to TPG and Vodafone not providing the required information on time. Vodafone Australia was yet to lodge its response to ACCC’s concerns, but it remained committed to the deal, a company spokeswoman told Reuters.

Full Content: Reuters

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