Mergers & Acquisitions

Australia's TPG Telecom challenges block on merger with Vodafone JV

Credit: REUTERS/Neil Hall

TPG Telecom said on Friday it has filed a case with an Australian court challenging Australia's anti-trust regulator's move earlier this month to block its merger with Vodafone's Australian joint venture.

May 24 (Reuters) - TPG Telecom TPM.AX said on Friday it has filed a case with an Australian court challenging Australia's anti-trust regulator's move earlier this month to block its merger with Vodafone's VOD.L Australian joint venture.

The Australian Competition and Consumer Commission (ACCC)had blocked the A$15 billion ($10.34 billion) merger, citing competition concerns.

($1 = 1.4510 Australian dollars)

(Reporting by Devika Syamnath in Bengaluru; Editing by Simon Cameron-Moore)

((Devika.Syamnath@thomsonreuters.com; +91 80 6749 1130; Reuters Messaging: Devika.Syamnath.thomsonreuters.com@reuters.net))

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