VHA continues to progress merger with TPG following further approvals

VHA continues to progress merger with TPG following further regulatory approvals

Vodafone Hutchison Australia (VHA) is pleased further regulatory approvals for its merger with TPG Telecom Limited (TPG) have been obtained.

VHA has now received required clearance from the Committee on Foreign Investment in the United States (CFIUS) and the required consent from the United States Federal Communications Commission (FCC).  These regulatory clearances permit the proposed change of control relating to TPG’s submarine cable between Sydney and Guam.

VHA Chief Executive Officer Iñaki Berroeta said merger preparations were continuing to proceed to schedule, despite the evolving COVID-19 situation.

“Our teams are prioritising support for our customers through the impacts of COVID-19, but we remain focused on progressing the merger,” Mr Berroeta said.

“This unprecedented situation highlights the need for strong and resilient telecommunications companies to provide the services that Australians rely on.”

VHA is continuing to work towards meeting the remaining regulatory conditions so as to complete the merger with TPG in mid-2020.