Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 4BC account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 4BC content and other benefits.


Joining is easy.

Advertisement
Advertisement
Advertisement

TPG and Vodafone shares plunge as ACCC signals merger concerns

Article image for TPG and Vodafone shares plunge as ACCC signals merger concerns

Investors have shunned Vodafone and TPG after the competition watchdog raised concerns about the merger between the two telco giants.

The ACCC is concerned that if the two were to form one $15-billion company, it could mean higher mobile prices for consumers.

TPG shares fell as much as 18.9 per cent after the ACCC, which has the power to block the merger, said it could reduce competition.

Shares in Hutchison Telecommunications – which owns a 50 per cent stake in Vodafone – were even more heavily hit, falling as much as 35.7 per cent.

ACCC Chair Rod Sims tells John Stanley he’s concerned the merger would remove TPG’s incentive to price aggressively in an effort to rival Telstra, Optus and Vodafone.

Click PLAY below to hear the full interview 

Advertisement