In a delayed statement that came out after the market closed, ACCC said a TPG-Vodafone merger would “further concentrate an already very concentrated Australian telecommunications market”.
TPG is the supplier of mobile and data services and is the owner and operator of submarine cable running under the Pacific Ocean from Australia to Guam.
Along the way, TPG it has adopted a strategy of growth by acquisition and also expanded overseas.
VHA is primarily a mobile business operating its own network and sells it own retail plans.
