Deals

TPG, Vodafone Hutchison to Combine for A$10.9 Billion Company

New $8 billion company seeks to rival market leaders Teltra
Vodafone and CK Hutchison are locked into entity for 24 months

Dan Lloyd, chief strategy officer at Vodafone Australia, discusses the company’s deal with TPG Telecom.(Source: Bloomberg)

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By Angus Whitley

August 29, 2018 at 10:22 PM UTC

Updated on

August 30, 2018 at 10:14 AM UTC

This article is for subscribers only.

There’ll be no quick escape from Australia for Vodafone Group Plc.

Vodafone Hutchison Australia Pty, Vodafone’s unprofitable mobile-phone venture with CK Hutchison Holdings Ltd., said Thursday it would merge with local broadband provider TPG Telecom Ltd. to better challenge market leader Telstra Corp.