ACCC lodges appeal over TPG prepayment ruling
The Australian Competition and Consumer Commission has filed an appeal over a Federal Court decision handed down in October that dismissed ACCC claims that TPG engaged in misleading conduct.
The Australian Competition and Consumer Commission has filed an appeal over a Federal Court decision handed down in October that dismissed ACCC claims that TPG engaged in misleading conduct.
In the course of a year TPG cut 280 jobs, reducing its headcount by almost 6 per cent.
A legal challenge by the ACCC against TPG Telecom over alleged misleading conduct relating to a $20 ‘prepayment’ fee has been dismissed.
Telecommunications giant Telstra has topped the most-complained about carrier rankings this year, amid a wider fall in overall numbers.
Australia's antitrust regulator has hurt competition, not helped it, by blocking a $15 billion merger between the third- and fourth-largest telecoms providers, a lawyer for one of the companies told a court on Tuesday.
TPG Telecom profit for 2019 took a 56 per cent hit going from $396 million in 2018 down to $174 million for the year ended 31 July 2019.
Vodafone Hutchison Australia (VHA) remains “fully committed” to a proposed merger with TPG, according to the telco’s CEO, Iñaki Berroeta. A merger would help Vodafone “fast track” the roll out of 5G technology, he today told a half-year results briefing.
By the end of this month 400 buildings will be connected to an Adelaide fibre network offering symmetrical speeds of up to 10 gigabits per second. By the end of the year, that number is expected to reach 700.
If a Vodafone-TPG merger does not go ahead, it is likely to lead to lower mobile prices for Australian consumers, the Australian Competition and Consumer Commission (ACCC) believes.
Without a realistic upgrade path to 5G there is “no credible case” for TPG to resume its rollout of Australia’s fourth mobile network, the telco has argued.
The establishment of a fourth mobile network operator (MNO) in Australia would “likely intensify
competition in mobile and fixed markets,” according to an analysis by S&P Global Ratings team.
Court documents filed by Vodafone Hutchison Australia claim that the telco’s shareholders – VHA is owned 50 per cent by Vodafone and 50 per cent by Hutchison Telecommunications Australia – are unlikely to receive a dividend from their investment in the business over the next five years “if ever”, if a proposed merger with TPG is blocked.
International experience shows having four mobile operators in a market delivers better outcomes for consumers, the chair of the Australian Competition and Consumer Commission has said, defending a decision to oppose a proposed merger between Vodafone Hutchison Australia (VHA) and TPG.
Vodafone Hutchison Australia has launched legal action in the Federal Court seeking approval to merge with TPG.
The Australian Competition and Consumer says that it has applied a patch to its content management system (CMS) to address a flaw that led to its decision about Vodafone and TPG’s proposed merger being published a day early.