vodafone hutchinson

TPG and Vodafone Hutchinson will pursue legal action against the ACCC’s decision to block their proposed merger. The consumer watchdog opposed the merger earlier this week saying it would reduce competition in the market. The two companies will be be seeking declaratory relief from the federal court which has jurisdiction

The ACCC has blocked the Vodafone Hutchinson and TPG merger with the watchdog claiming the merger will “reduce competition and contestability” in this sector.  It stated the proposed merger would preclude TPG entering as the fourth mobile network operator in Australia. Sign up for Which-50’s Irregular Insights newsletter Nominate today