VHA and TPG confirm merger plans; ink joint venture agreement for upcoming 5G auction

摘要

British telecoms giant Vodafone Group has announced that Vodafone Hutchison Australia (VHA) and TPG Telecom (TPG) have agreed a merger which will see the establishment of a new fully integrated telecoms provider (dubbed MergeCo). In a press release confirming the development, Vodafone suggested the tie-up would accelerate the benefits of the substantial network investments made by both companies, and suggested the enlarged entity would be 'a more powerful challenger to Telstra and Optus in Australia, with an integrated fixed and mobile offering'.