Friday, 06 March 2020 08:18

Vodafone chief welcomes ACCC decision not to contest merger verdict

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Iñaki Berroeta: "We believe that the merger will allow us to be a stronger player that will bring more choice and value for Australian consumers and businesses." Iñaki Berroeta: "We believe that the merger will allow us to be a stronger player that will bring more choice and value for Australian consumers and businesses." Supplied

Vodafone Hutchison Australia chief executive Iñaki Berroeta has welcomed the decision by the Australian Competition and Consumer Commission not to appeal against the Federal Court's ruling that the merger with TPG Telecom could go ahead.

The ACCC announced its decision on Thursday, with chair Rod Sims saying it remained disappointed by the outcome, "which has closed the door on what we consider was a once in a generation chance for increased competition in the highly concentrated mobile telecommunications market".

And he added: “The future state of competition without a merger is uncertain. But we know that competition is lost when incumbents acquire innovative new competitors.”

Berroeta said the competition watchdog's move meant the two companies could now take the next step to finalise the merger.

“We are pleased that the ACCC has decided not to appeal the Court’s decision and that will allow us to quickly progress completion of the merger with TPG," he said.

"We believe that the merger will allow us to be a stronger player that will bring more choice and value for Australian consumers and businesses."

The ACCC's statement came on the same day that VHA switched on its first 5G sites, in Parramatta.

“We have ambitious 5G rollout plans," Berroeta said. "The more quickly the merger can proceed, the faster we can deliver better competitive outcomes for Australian consumers and businesses.

“Ultimately, consumers and businesses will be the big winners from this merger. After 18 months of uncertainty, we’re excited to now be able to progress our plans.

“Finally, Australia will see a third, fully-integrated telecommunications company with the scale to compete head-to-head across the whole telecoms market.”

He said the merger should be completed by mid-year. “We’ll continue to keep our customers and the market informed of our progress as we embark on this exciting new era,” he added.


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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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