Following an 8 month investigation, on 8 May 2019, the Australian Competition and Consumer Commission ("ACCC") announced its decision to oppose the proposed merger between fixed-line provider TPG Telecom ("TPG") and mobile network operator Vodafone Hutchinson Pty Limited ("VHA"). VHA and TPG have announced that they intend to challenge the ACCC's decision, and apply for a declaration from the Federal Court that the proposed merger is not likely to substantially lessen competition. WHAT YOU NEED TO KNOW - KEY TAKEAWAYS Announcements about major changes in strategic direction mid-transaction will be met with scepticism from the ACCC, attract scrutiny and may cause significant delays. Internal (and external) documents about major changes in strategic direction should be prepared with
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The Australian Competition Authority blocks a proposed merger between a fixed-line provider and a mobile network operator (TPG / VHA)
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