Investi Stratix
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
No Result
View All Result
Investi Stratix
No Result
View All Result

Australia’s competition regulator gives nod for TPG Telecom-Optus deal

by
September 5, 2024
in Stock
0
Australia’s competition regulator gives nod for TPG Telecom-Optus deal

(Reuters) -Australia’s competition watchdog will not oppose the network sharing deal between TPG Telecom and Singapore Telecommunications’ Optus, the regulator said on Thursday.

Under the deal signed in April, TPG would expand coverage to 2,444 mobile network sites in regional Australia, up from 755, and would gain access to Optus’ regional 5G network as it is rolled out.

The Australian Competition and Consumer Commission (ACCC) had started an informal review of the deal in July, seeking views on its likely impact on the pricing as well as non-pricing aspects of the mobile service infrastructure in the country.

The ACCC found that the agreement was unlikely to substantially lessen competition.

“The agreements will allow TPG to provide better coverage in regional areas, which will likely enhance its ability to compete during the term of the agreements, improving choice for regional consumers,” ACCC Commissioner Philip Williams said.

“We are pleased with today’s decision and thank the ACCC for its consideration of our regional network sharing arrangement which will bring much needed competition to rural and regional areas,” TPG Telecom CEO Iñaki Berroeta said in a separate statement.

TPG Telecom expects the expanded network to be operational in early 2025.

This post appeared first on investing.com
Previous Post

Dollar wobbles on rising bets of outsized Fed rate cut

Next Post

Nippon Steel says no update from CFIUS over US Steel deal

Next Post
Nippon Steel says no update from CFIUS over US Steel deal

Nippon Steel says no update from CFIUS over US Steel deal

Subscribe to InvestiStratix.com

    Popular News

    Donald Trump delivers tariff letters to 7 more nations; meets African delegation

    Donald Trump delivers tariff letters to 7 more nations; meets African delegation

    July 10, 2025
    Monster Beverage stock slide 3% after this brokerage downgraded the stock

    Monster Beverage stock slide 3% after this brokerage downgraded the stock

    July 10, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    July 10, 2025
    Donald Trump’s new plan sets 50% tariffs on Copper, up to 200% on Pharma imports

    Donald Trump’s new plan sets 50% tariffs on Copper, up to 200% on Pharma imports

    July 9, 2025
    Moderna stock rallies on HHS lawsuit news: analyst says negative sentiment reversing

    Moderna stock rallies on HHS lawsuit news: analyst says negative sentiment reversing

    July 9, 2025

    Trending News

    Donald Trump delivers tariff letters to 7 more nations; meets African delegation

    Donald Trump delivers tariff letters to 7 more nations; meets African delegation

    July 10, 2025
    Monster Beverage stock slide 3% after this brokerage downgraded the stock

    Monster Beverage stock slide 3% after this brokerage downgraded the stock

    July 10, 2025

    Popular News

    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      July 10, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      July 9, 2025

    About Us

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investistratix.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Economy
    • Forex
    • Stock
    • Editor’s Pick

    Copyright © 2025 investistratix.com | All Rights Reserved