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BRIEF-Vodafone Hutchison Australia Notes ACCC Statement On Proposed Merger Of VHA & TPG Telecom

Published 13/12/2018, 10:07 am
© Reuters.  BRIEF-Vodafone Hutchison Australia Notes ACCC Statement On Proposed Merger Of VHA & TPG Telecom
VOD
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Dec 13 (Reuters) - Vodafone (LON:VOD) Hutchison Australia :

* NOTES AUSTRALIAN COMPETITION AND CONSUMER COMMISSION STATEMENT IN RELATION TO PROPOSED MERGER OF VHA AND TPG TELECOM

* REMAINS CONFIDENT THE MERGER WILL BE COMPLETED IN THE FIRST HALF OF 2019, SUBJECT TO APPROVALS

* INCREASED INVESTMENT NEEDS INCREASED SCALE, MERGER ALLOWS MERGED ENTITY TO TAKE COMPETITION IN MARKET TO NEXT LEVEL

* MERGED CO WILL HAVE INCREASED ABILITY TO INVEST IN NETWORKS, TECHNOLOGIES, & COMPETITIVE PLANS, PRODUCTS FOR CUSTOMERS Further company coverage: HTA.AX

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