TPG Telecom confirms merger talks with Vodafone Australia

22 Aug 2018

In the wake of recent media speculation, Australia’s TPG Telecom has issued a statement confirming that it is currently in discussions with Vodafone Hutchison Australia (VHA) regarding a potential ‘merger of equals’. With the two companies said to have engaged in ‘exploratory discussions’, TPG did note that it is no certainty that any transaction will be forthcoming as a result of these talks, although it confirmed it would keep the market informed of any developments regarding the matter. Hutchison Telecommunications Australia (HTA), which holds a 50% interest in VHA, issued its own statement, meanwhile, confirming it was aware of the talks between its subsidiary and TPG, but again stressing that the discussions may come to nothing.