Original article by David Ramli
The Australian Financial Review – Page: 13 : 12-Jun-15

The Australian Competition & Consumer Commission (ACCC) has postponed a decision on TPG Telecom’s takeover bid for iiNet until 20 August 2015. The ACCC has expressed concern that the $A1.56bn deal may result in a significant reduction in competition in the broadband sector. It has also suggested that the deal could result in an increase in the cost of internet access and reduced customer service for clients of the merged entity.

CORPORATES
TPG TELECOM LIMITED – ASX TPM, IINET LIMITED – ASX IIN, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, TELSTRA CORPORATION LIMITED – ASX TLS, SINGTEL OPTUS PTY LTD, JP MORGAN AUSTRALIA LIMITED, CITIGROUP PTY LTD, FOXTEL MANAGEMENT PTY LTD, AUSTAR UNITED COMMUNICATIONS LIMITED