HTA 0.00% 2.7¢ hutchison telecommunications (australia) limited

Dec 13 (Reuters) - Australian Competition And Consumer...

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    Dec 13 (Reuters) - Australian Competition And Consumer Commission:

    • UPDATES ON PROPOSED MERGER BETWEEN TPG AND VODAFONE
    • EXPRESSED PRELIMINARY COMPETITION CONCERNS ABOUT PROPOSED MERGER BETWEEN TPG TELECOM & VODAFONE HUTCHISON AUSTRALIA
    • PRELIMINARY VIEW THAT TPG IS CURRENTLY ON TRACK TO BECOME FOURTH MOBILE NETWORK OPERATOR IN AUSTRALIA
    • ACCC INVITES SUBMISSIONS FROM INTERESTED PARTIES ON STATEMENT OF ISSUES BY 18 JANUARY 2019
    • PRELIMINARY VIEW IS THAT TPG IS LIKELY TO BE AN AGGRESSIVE COMPETITOR
    • PRELIMINARY VIEW IS MERGED TPG-VODAFONE WOULD NOT HAVE INCENTIVE TO OPERATE IN SAME WAY, COMPETITION IN MARKET WOULD BE REDUCED AS A RESULT
    • WILL ALSO CLOSELY EXAMINE LIKELY IMPACT OF REMOVING VODAFONE AS A COMPETITOR IN FIXED BROADBAND MARKET
    • IF TPG REMAINS SEPARATE FROM VODAFONE, IT APPEARS LIKELY TO NEED TO CONTINUE TO ADOPT AN AGGRESSIVE PRICING STRATEGY
    • TO CONSIDER LONGER-TERM IMPACT OF PROPOSED MERGER IN RELATION TO INCREASED TAKE-UP OF MOBILE BROADBAND SERVICES IN PLACE OF FIXED HOME BROADBAND
    • TO CONSIDER WHETHER OPERATORS WILL NEED TO OFFER BOTH MOBILE AND FIXED BROADBAND SERVICES IN LONGER-TERM TO REMAIN COMPETITIVE
 
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