Australia ’s financial watchdog raised concerns about Vodafone Hutchison Australia and TPG Telecom ’s AUD15bn ( $ 10bn ) merger plans . It said it wanted more details but the Australian Competition and Consumer Commission ’s Chairman Rod Sims had earlier welcomed a TPG bid to build a fourth national network , a plan which would be abandoned if the merger went ahead . sky Australia said the delay was not unexpected and it was confident the merger , to create a new firm called sky Telecom , would still go ahead early in 2019 . At the news , TPG ’s share price fell to its lowest level since the merger was announced .
Australia’s competition watchdog raised concerns about Vodafone Hutchison Australia and TPG Telecom’s AUD15bn ($10bn) merger plans. It said it wanted more details but the Australian Competition and Consumer Commission’s Chairman Rod Sims had earlier welcomed a TPG plan to build a fourth national network, a plan which would be abandoned if the merger went ahead. Vodafone Australia said the delay was not unexpected and it was confident the merger, to create a new firm called TPG Telecom, would still go ahead early in 2019. At the news, TPG’s share price fell to its lowest level since the deal was announced.