TPG confirms merger discussions with Vodafone

TPG Telecom has confirmed that it is currently in discussions with Vodafone Hutchison Australia regarding a potential "merger of equals".

Samira Sarraf Aug 23rd 2018
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TPG Telecom has confirmed that it is currently in discussions with Vodafone Hutchison Australia (VHA) regarding a potential "merger of equals".

The publicly-listed telecommunications provider told shareholders on 22 August that the TPG board "notes that there is no certainty that any transaction will eventuate or what the terms of a transaction would be".

The telco also said that it would keep the market informed of any updates.

Hutchinson Telecoms, which has a 50 per cent interest in VHA, issue a statement saying it is aware the both telcos have been in discussions regarding a potential merger.

ARN has contacted Vodafone for comment.

Vodafone Australia had a customer base of 5.98 million customers.