Original article by Bridget Carter
The Australian – Page: 17 & 28 : 30-Aug-18
The merger between TPG Telecom and Vodafone Hutchison Australia, to be announced on 30 August, may affect the amount the federal government raises from its upcoming auction of 5G spectrum. Vodafone will control 50.1 per cent of the combined company, which will boast a market capitalisation of around $10bn. Vodafone CEO Inaki Berroeta will take on the same role at the merged group, with TPG CEO David Teoh to become chairman. TPG shares have rallied in the last week, with the stock closing $0.28 higher at $7.88 on 29 August.
CORPORATES
TPG TELECOM LIMITED – ASX TPM, VODAFONE HUTCHISON AUSTRALIA PTY LTD, WASHINGTON H SOUL PATTINSON AND COMPANY LIMITED – ASX SOL, TELSTRA CORPORATION LIMITED – ASX TLS, SINGTEL OPTUS PTY LTD, MACQUARIE CAPITAL PTY LTD, DEUTSCHE BANK AG, BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD, VODAFONE NEW ZEALAND LIMITED