On May 8 2019, the ACCC announced that they intended to oppose the proposed merger between Vodafone and TPG. We remain committed to the merger because we believe it’s best for you, our customers and the Australian market. The proposed merger is about combining two complementary companies which have very little overlap. Vodafone is an established mobile business with less than one per cent of the fixed broadband market, while TPG is the second largest fixed broadband player with no mobile network.
From here, together with TPG, we intend to file legal action in the Federal Court. We have already extended our merger agreement with TPG to allow sufficient time for the Federal Court to deliver its decision and for the merger process to be completed. In the meantime, for us it’s business as usual. We have strong plans for 2019 and these remain unchanged. We’re focused on delivering the best value products and services for you, our customers.