TPG and Vodafone Set To Merge

Thursday, February 13th, 2020

A $15 billion merger between Vodafone Australia and TPG has been given the green light, but the consumer watchdog says it will cause mobile data prices to rise.

The Australian Competition and Consumer Commission opposed the merger between the telecommunications companies in May last year on the grounds it would discourage competition in the market.

But Federal Court Justice John Middleton said the multi-billion dollar deal would not have that effect.

“To now leave Vodafone and TPG in its current state would not promote competition in the retail mobile market,” he said in his judgment on Thursday.

“A merger would not now, and would not likely in the relevant future, substantially lessen competition in the supply of retail mobile services in Australia.”

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