Telstra-TPG Telecom network sharing deal blocked by Australia’s competition tribunal

Must read

Telstra-TPG Telecom network sharing deal blocked by Australia's competition tribunal © Reuters. FILE PHOTO: A man looks at his phone as he walks past a Telstra logo adorning a phone booth in the central business district (CBD) of Sydney in Australia, February 13, 2018. REUTERS/David Gray

(Reuters) – The Australian Competition Tribunal has upheld a decision to block a network sharing agreement between wireless internet firms Telstra (OTC:) Group and TPG Telecom, TPG said on Wednesday.

The Australian Competition and Consumer Commission (ACCC) had ruled against the plan in December, saying it would bring “a real risk that TPG and Optus will invest less in critical infrastructure”.

Optus, the country’s No. 2 wireless internet provider and which is owned by Singapore Telecommunications, had opposed the deal, saying it would build Telstra’s market dominance.

More articles

Latest article