UPDATE 1-Australia's competition regulator gives nod for TPG Telecom-Optus deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 05 2024
0mins
Source: Yahoo Finance
ACCC Approval: Australia's competition watchdog, the ACCC, will not oppose the network sharing deal between TPG Telecom and Optus, allowing TPG to expand its coverage significantly in regional Australia and access Optus' 5G network.
Impact on Competition: The ACCC concluded that the agreement is unlikely to harm competition, with TPG's CEO expressing optimism that it will enhance service options for consumers in rural areas by improving coverage.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
