TPG, Vodafone Challenge Australia's Bid To Block $10B Deal
Law360 (May 24, 2019, 2:41 PM EDT) -- TPG Telecom and Vodafone on Friday made good on a promise to challenge Australia’s antitrust authority’s finding that their AU$15 billion ($10.4 billion) combination would kill competition in the country’s mobile services market.
In separate statements, TPG Telecom Ltd. and Vodafone Hutchison Australia Pty. Ltd. — which is backed by Vodafone Group PLC and Hutchinson Telecommunications (Australia) Ltd.— revealed that they lodged a complaint with the Federal Court of Australia contending that their planned tie-up is not anti-competitive.
The development comes after the Australian Competition & Consumer Competition earlier this month said that it will oppose the transaction, contending that blocking...
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