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Australia court approves $10 billion Vodafone-TPG merger, overrules regulator

Australia court approves $10 billion Vodafone-TPG merger, overrules regulator

Thursday, February 13, 2020, 3:35 PM

An Australian court approved a A$15-billion ($10.1-billion) merger between a unit of Britain's Vodafone Group and internet provider TPG Telecom on Thursday, overruling a regulator and enabling a huge rival to the country's top-telcos. TPG founder and Executive Chairman David Teoh said in a statement the company was "very pleased with the Federal Court decision" although it still needed shareholder and other regulatory approvals.
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