Vodafone And TPG Are Joining Forces

It can be yours. Well a bit of

It can be yours. Well a bit of

The companies say the enterprise value of the merged group will be about $15 billion, with revenue of more than $6 billion and EBITDA of $1.8 billion.

It said 50.1% of the merged entity would be owned by Vodafone with the remainder to be owned by TPG. It will boast 27,000km of fibre networks and approximately 5000 mobile network sites straight out of the gate.

TPG will gain the bottom 20 percent of the market by offering a low-priced mobile product with no download limits, Bevan Slattery has predicted, adding that the network build should not cost as much as forecast.

The deal doesn't include TPG's Singapore business where the company has the island nation's fourth mobile phone network. this will be floated off to existing shareholders.

Prior to the merger announcement, TPG had been set to launch its AU$1.9 billion Australian mobile network in the second half of 2018 across Sydney, Melbourne, and Canberra, with the telco in March announcing the installation of sites in Sydney and Melbourne.

TPG shareholders would own 49.9 per cent of the entity which will be called TPG Telecom Limited and be listed on the Australian Securities Exchange.

There's now no word on what happens to existing TPG and Vodafone customers, but it's safe to assume that most legacy plans will be replaced with similar offerings from TPG Telecom Limited.

Google Updates Wear OS With New Design, Improved Notifications, More
Apparently this tool will get even more useful over time as Google Assistant gets to know you better and new features are added. Google is also including a revamped quick settings panel, which now includes a brand new, dedicated button for Google Pay.

The two companies will jointly bid for a licence for the 3.6 GHz spectrum which will allow it to offer 5G services.

"The Government is auctioning 125 MHz of 3.6 GHz band spectrum, with the auction expected to commence in late November 2018".

TPG had in May announced that it would be launching six-month mobile plans at zero cost for its first customers from Q3 or Q4 this year, with the provider also offering customers access to unlimited data. Iñaki Berroeta, current CEO of Vodafone Hutchison, will be the Managing Director and CEO. The combined company will compete directly with Telstra and Optus and should lead to cheaper prices for customers.

"The combination of our two highly complementary businesses and talented employees will create a more sustainable company, with enhanced capacity to invest in new technology and innovation".

VHA is being advised by BofA Merrill Lynch and Deutsche Bank, and Norton Rose Fulbright as legal counsel.

The deal still awaits formal approval from the Australian Competition and Consumer Commission (ACCC), though they have received informal clearance, though they will also be seeking approval from the Foreign Investment Review Board as well.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.