A $15 billion merger between Australia’s third and fourth-largest telecommunications companies looks set to go ahead after Vodafone and TPG beat the competition watchdog in court.
The Australian Competition and Consumer Commission (ACCC) opposed the merger in May, arguing it didn’t pass the legal test of not “substantially lessening competition” in a market and would further concentrate the already tight Australian telecommunications sphere dominated by Telstra, Optus and Vodafone.
Vodafone challenged the decision in the Federal Court, and on Thursday Justice John Middleton told a Melbourne courtroom the merger would not unduly reduce competition.
“The court has come to the view that the proposed merger would not have the effect, or be likely to have the effect of substantially reducing competition … the merger can proceed.”
More to come
-ABC
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