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Australia still delaying decision on TPG-Vodafone merger

Feb. 28, 2019 12:20 PM ETVOD, VODPF, TPGTF, TPPTYBy: Jason Aycock, SA News Editor1 Comment
  • A decision on a merger between TPG Telecom (OTC:TPPTY) and the Australian business of Vodafone (NASDAQ:VOD) is still delayed, according to the country's key regulator.
  • The Australian Competition and Consumer Commission says it's waiting to set a new provisional date on the merger until it can get and assess more information -- which it's still taking in from the merger parties.
  • The regulator originally had a provisional decision date of March 28, 2019, but delayed that on Jan. 22, saying it expected the new date to be April 11.
  • In December, the ACCC said a combination that reduced the mobile market to three players from four was "likely to result in a substantial lessening of competition."

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