TPG-Vodafone merger suffers $700 million setback

Published: May 10, 2019, 9:22 a.m.

A merger that would have seen Australia\u2019s broadband and mobile network markets changed forever suffered a costly A$1 billion ($700 million) loss this week after a premature announcement from Australia\u2019s competition regulator blocked the deal. Now the companies are preparing to take their fight to a Federal Court.