I just saw this on the ABC News web site:
Telcos Vodafone and TPG can merge after court clears barrier
It will be interesting to see how this changes the landscape of ISPs and mobiles.
TPG and Vodafone Merging
Chazzozz on 13/02/2020 - 11:39
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They were better but they weren't long term viable.
had nothing to with Viability, Westnet and iiNet were doing just fine… it was about TPG trying to grow through acquisition.
iiNet's nickname used to be iiBorg for doing the same thing.
@Daabido: I’m an internode NBN customer. I wonder what that means to me after the big merger. All they keep talking about is growing the mobile 5G network
I'm sticking with One.Tel
maybe, maybe not.
we need one to challenge Telstra & Optus dominance.I suppose this might be slightly different in that those companies got bought out by TPG, which basically absorbed their customer base and threw out everything else. In this cases it's a merger and TPG is actually the smaller piece of the merged entity (albeit only very marginally - 50.1% Vodafone to 49.9% TPG). Whether that ends up making any material difference remains to be seen, obviously.
Company Name after Merger: TPG TELECOM
Customer ASX Code: TPMThe new merged entity will be TPG … with Vodafone taking 50.1% of the new company
Might be a new ownership structure.. its still all TPG
Not sure how its all TPG when voda owns the majority
@cloudy: The two telcos will combine as “TPG Telecom Limited”, pending approval for the deal by the Australian Competition and Consumer Commission (ACCC)
TPG CEO David Teoh will become the Chairman of the merged group, while VHA CEO Iñaki Berroeta will become managing director and CEO
https://www.itnews.com.au/news/tpg-vodafone-australia-confir…
@cloudy: its all TPG, they even only have rights to the "Vodafone" name for so many years.
David Teoh as chairman, the % means crap, Teoh will be calling the shots like he has with every other "merger" or "acquisition"Watch … within 12 months Vodafone stores will sell TPG Broadband (and drop their own product)
Long term this will be bad for the consumer.
Watch … within 12 months Vodafone stores will sell TPG Broadband (and drop their own product)
I guess i'll mark to see in 12m time to see you're right.
My guess is you wont be, but only a guess
@cloudy: just FYI i was once "associated" with Vodafone… and the reason i became no longer associated was seeing the changes TPG intended to implement
@jimbobaus: wow, sounds drastic given it wasn't even certain (until today) TPG could implement any changes.
@cloudy: i knew deep down the merger would always be approved, the ACCC has to save face and appear to be protecting the consumer, the would not have put up a fight as such, make it the federal courts call then the ACCC looks good and saves face.
The job cuts will start in the next few months i suspect as they trim the fat.
Store closures will follow, i mean in many shopping centres they have multiple stores.
Product range will change to offer more TPG backed products
etc etcACCC has to save face and appear to be protecting the consumer, the would not have put up a fight as such, make it the federal courts call then the ACCC looks good and saves face.
Most people I think would disagree, because ACCC has lost like the last 9 or 10 cases going to court and is desperate for a win. If not, how can the ACCC have any credibility. Like a football team on a massive losing streak they are desperate for a result for their fans.
Add in the fact they will have to beg government for more money for the next fight, lol, records like this (losing expensive court battles) is not something they want to do just to save face.
But, good on you for calling it correctly! If you were a betting man you could have made 10% money in a day buying TPG shares.
Worth noting that Vodafone Australia is actually 50% owned by Vodafone and 50% owned by Hutchison. On those percentages, it would give TPG 49.9%, Vodafone 25.05% and Hutchison 25.05%.
Is it worth noting that TPG is 25% owned by Washington sol patts, which in turn is about 10ish % owned by brickworks, but is counter owned 20% by WSP, wait all this is doing my head in now…
Just as bad as TPG. The only good thing about TPG is the FTTB. The 100Mbit is only 59.99 a month. 12Mbit is 49.99 a month which is stingy.
So Vodafone holds 50.1%
Wonder how that will affect iinet
Data breaches galore, shittier service and more. I avoided Vodafone and now they finally got me. Too bad they will keep my data even if I leave.
Merged from What's Next after Vodafone - TPG Merger?
Vodafone and TPG have been given the green light for a $15 billion merger that would create a new telco powerhouse in Australia.
Is it a win for us consumers or should we be worried of a more concentrated market as per ACCC's opinion?
I think I read ACCC wasn't concerned about a more concentrated market. They blocked, in hope, of a 4th mobile operator.
Brainwashed consumers will continue being ripped off as they blabber in press release language about what a win it is. Isn't the new powerhouse telco exciting.
These are people so brainwashed that they explain how competition has lowered prices as they lose money than ever before.
The country continues to be "severely damaged" by privatisation according to the ACCC.
The "severe damage" is the brainwashed consumers money being removed by privatisation.
It's a big win for consumers imo. Good to have a new powerhouse to take on the might of Telstra and Optus, hopefully it will lead to more competitive pricing in the future.
It's a race to the bottom. The combined entity will reduce staff level where duplication occurs, hence job losses. The incumbent telco's will go on another cost cutting exercise to maintain their profit levels.
Customer's may well get reduced charges - but at what real cost?i want $20 unlimited nbn12
Or it will mean less competition and as a result higher prices across the board
Look at USA with one or two ISP as competition. Are the Yanks happy about their Internet service and pricing?
It's a race to bottom.
I think in the short term it'll make Voda suck less with TPG's spectrum being put to use rather than sitting there unused - ACCC's dream 4th mobile carrier was never going to happen after the Huawei network tech ban.
In theory they'll become more like another Optus in scale, so a more legit challenger to Optus and Telstra to rather than either TPG or Voda could do on their own.
Yes shit loads of job losses once they integrate their systems and can drop the staff duplications, but AFAIK both companies were bleeding money as it was, so this might mean the third player actually survives, rather than VHA pull out of Australia and TPG as it was go broke eventually. Would we all have preferred only two major networks? Screw that!
This thread is about two ISPs, nothing to do with a non-ISP company. Why are you making a pro-Chinese-company comment?
In China, CCP keep out non-CCP companies if it affects their family wealth. Its fair for democratically elected Australian governments to block those pro-dictatorship companies.
By the way, China is taking over parts of Africa with predatory belt and road loans. Poor Africans.
No thanks to Huawei.
Predatory Loans to access the world's best 5G hardware, meanwhile Australia gets stuck with antiques in our cell phone towers and rubbish NBN. Jeez never thought the Africans were smarter than the Australian government.
the government listens to corporations that's why… and people still think elections mean anything in 2019
I wonder if Teo is still butthurt for overpaying for the 5g spectrum
I was a 3 customer when Vodafone bought them out in 2011. I was living in Adelaide and had no reception in the city. They did nothing to keep the 3 customers. 3 was the most competitive and value for money service provider at that time. It was appalling!!
This will be bad for consumers i suspect…. maybe not in the short term but def long term
You only have to look at Westnet, iiNet and the like.. what they were like Before TPG and after TPG