Report
Brian Han
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A Curious Case of ACCC Calling TPG Telecom’s Bluff that May Not Be; Time to Call in the Lawyers

Australian Competition and Consumer Commission's, or ACCC's, rejection of TPG Telecom's proposed merger with Vodafone Australia is a curious one. Despite pronouncements to the contrary since January 2019, the competition regulator appears adamant TPG will resurrect its ambitions to become a new entrant in the Australian mobile network space, if it cannot find a way to tie up with Vodafone.
However, this could be a case of the ACCC calling a bluff that may not be. We have consistently been scepti...
Underlying
TPG Telecom Limited

TPG Telecom is a telecommunications company based in Australia. Co. has three operating segments: Consumer, which provides retail telecommunications services to residential and small business customers; Corporate, which provides telecommunications services to corporate, government, and wholesale customers; and iiNet, which provides telecommunications and technology services to residential and business customers.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brian Han

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