February 12, 2020 / 11:49 PM / 9 days ago

Australian Federal Court says $15 bln merger between Vodafone and TPG would not hurt competition

SYDNEY, Feb 13 (Reuters) - An Australian Federal court judge said on Thursday an agreed A$15 billion ($10.1 billion) merger between a local joint venture of Britain’s Vodafone Group PLC and internet provider TPG Telecom Ltd would not lessen competition.

The ruling appears to overturn a decision by antitrust regulator the Australian Competition and the Consumer Commission, which blocked the planned deal last year.

$1 = 1.4852 Australian dollars Reporting by Byron Kaye; Editing by Sandra Maler

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