Australian telcos Vodafone Hutchison Australia and TPG Telecom have announced a merger of equals, with the scrip deal creating a company with an enterprise value of about $15 billion, according to an announcement made to the ASX.
Vodafone Hutchison Australia chief Iñaki Berroeta is buoyant about the telco’s latest financial results and an increase in its mobile subscriber numbers to six million in the face of “significantly increased” market competition and continued hefty financial losses.
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