Australian court approves merger of two major telecom firms

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Australian court approves merger of two domestic telecommunication firms, the total value of the two is $ 10 billion, Vodafone is British while TPG is a US company. According to media, Vodafone and TPG are the largest in Australia. There are telecom companies, they requested a consolidation in the Australian court which was approved.

The court said that the merger of the two companies does not pose a threat to competition in the telecommunications sector in the country, therefore it is being allowed. And fourth-largest telecom companies opposed this merger worth $ 15 billion (US $ 10 billion). He said such large mergers would affect small firms.

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