Aug 30, 2018

Vodafone in A$15bn Australian merger

Vodafone's Australian operations will become part of a new telecoms giant in a A$15bn merger announced on Thursday. Combining Vodafone Hutchison Australia and TPG Telecom will create a mobile, fixed-line and broadband provider with the scale to rival Telstra and Optus. Vodafone Australia, owned by Hong Kong-based CK Hutchison and Vodafone Group, will have a majority 50.1% stake. TPG will hold the remainder of TPG Telecom Limited, which will be listed on the Australian Securities Exchange.

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