Federal Court Approves the Merger of TPG and VHA

  • Feb 13, 2020 AEDT
  • Team Kalkine

TPG Telecom Limited (ASX: TPM) announced that Federal Court has approved the proposed merger of Vodafone Hutchison Australia Pty. Ltd. (VHA) and TPG Telecom Limited. VHA, along with TPG, shall work to complete the merger so that the benefits can flow to Australian consumers.

  • The spectrum holdings of the merged company would increase Vodafone’s network capacity and scope for further investment;
  • After the merger Australia will have a third, fully integrated telecommunications company.

At AEST 01:16 PM, the stock was trading at $8.270 per share, up by 13.133% from its previous close.

 

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