Original article by Supratim Adhikari, Bridget Carter
The Australian – Page: 19 & 23 : 23-Aug-18
TPG Telecom has advised that it is holding discussions with Vodafone regarding a "merger of equals", as it prepares to launch its own mobile network. TPG already uses Vodafone’s network for its mobile service, while Vodafone in turn uses TPG’s fixed broadband infrastructure. Graeme Ferguson of S&P Global Ratings says the potential merger may affect the Federal Government’s auction of 5G spectrum in November, as both companies were expected to submit bids. TPG shares closed 21 per cent higher at $7.65 on 22 August.
TPG TELECOM LIMITED – ASX TPM, VODAFONE HUTCHISON AUSTRALIA PTY LTD, S&P GLOBAL RATINGS, CITIGROUP PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS