Consumers the big winners as Vodafone embarks on new era

Merger with TPG to proceed in coming months

Thursday, 5 March 2020 – Vodafone Hutchison Australia (VHA) will enter a new era and bring substantial benefits to Australian consumers after the ACCC’s decision not to appeal the Federal Court’s ruling on the merger with TPG Telecom.

VHA Chief Executive Officer Iñaki Berroeta welcomed the ACCC’s decision not to appeal and said it cleared the way to take the next steps to finalise the merger.

“We are pleased that the ACCC has decided not to appeal the Court’s decision and that will allow us to quickly progress completion of the merger with TPG. We believe that the merger will allow us to be a stronger player that will bring more choice and value for Australian consumers and businesses,” he said.

Vodafone announced today that it had switched on its first 5G sites around Parramatta, delivering 5G connectivity to customers for the first time. A phased 5G rollout across Australia’s major capitals will commence in coming months and 5G international roaming will follow.

“We have ambitious 5G rollout plans. The more quickly the merger can proceed, the faster we can deliver better competitive outcomes for Australian consumers and businesses,” Mr Berroeta said.

“Ultimately, consumers and businesses will be the big winners from this merger. After 18 months of uncertainty, we’re excited to now be able to progress our plans.

“Finally, Australia will see a third, fully-integrated telecommunications company with the scale to compete head-to-head across the whole telecoms market.”

Mr Berroeta said the merger should be completed in mid-2020, subject to the remaining regulatory and shareholder approvals.

“We’ll continue to keep our customers and the market informed of our progress as we embark on this exciting new era,” he said.

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About Vodafone Australia

Vodafone Australia is a telecommunications brand offering mobile and fixed broadband services.

Vodafone Australia is part of TPG Telecom.