TPG Telecom executive chairman David Teoh has called it quits for the telecommunications company’s plans to launch Australia’s fourth mobile network, blaming the government’s ban on provider Huawei taking part in future ultra-fast 5G networks.
In an announcement to the Australian Stock Exchange on Tuesday morning, TPG said the principal vendor selected for use in the small-cell network was Huawei and the government's decision to ban Chinese providers from supplying 5G networks has meant it "does not make commercial sense" to continue.
https://www.theage.com.au/business/companies/tpg-dumps-plan-…
The merger with Vodafone Hutchison still hasn't been approved either. Bad new for anyone waiting on this deal.
Not surprised. You take one of the bigger, cheaper suppliers out of the market, prices are invariably going to rise. Add that to the ACCC dragging its feet on a straightforward merger of the distant 3rd and 4th players in the market to compete with 1 and 2, and consumers are ultimately the losers in all of this.