Still do prefer TPM over TLS as I believe it is a more certain...

Still do prefer TPM over TLS as I believe it is a more certain growth story, I hold both either way, my belief is Optus and Vodafone are the ones that will get crushed, ie; TPM and VHA merge = win for both companies, TPM flies solo, TPM still grows but just dominates the 4G space and doesn't go 5G until later in the piece.
No matter how the market plays out TLS wins the 5G race by a substantial margin, a merged VHA/TPM has already been delayed to the point it's not really worth putting anymore than a half assed effort in, particularly as they have been hamstrung with the no Chinese equipment rule.
Leaves Optus as the only possible challenger, not going to be much of a price war, great for TLS and for TPM as TPM will dominate the 4G space due to being clear price leaders and having a much lower cost base.
All internationals wanting a 5G partner will choose TLS, Government and NBN are going to hate Optus for advertising wireless as a direct competitor to NBN, no rules will be made to help Optus like in the past.