ACCC Delays Decision on TPG-Vodafone Merger
The ACCC has again delayed the release of its verdict on the $15 billion TPG Telecom and Vodafone Hutchinson Australia (VHA) merger, as it continues to gather information on the deal.
In an update after the market close yesterday, the ACCC said the delay was due to its “continuing to recieve information from merger parties”.
“New provisional decision date will be confirmed once information has been recieved and assessed,” the note said.
The decision was originally scheduled to be announced on March 28, then delayed to April 11 due to “preliminary competition concerns” expressed last year.
According to The Australian, NAB’s Andrew Jones believes the delay could be attributed to the deal being on “shaky ground”.
“We see the continued delay as further raising uncertainty on the deal proceeding, which would represent a negative development for the industry,” he said.
The telco recently decided to stop the roll out its mobile network, citing the government’s ban on the use of Huawei’s 5G equipment.