Vodafone's $7.7 Billion Australia Merger Blocked by Regulator

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Vodafone's $7.7 Billion Australia Merger Blocked by RegulatorThe proposal would “substantially lessen competition” for mobile-phone services in an already concentrated market, the Australian Competition and Consumer Commission said in a statement Wednesday. TPG is Australia’s best -- and probably the last -- chance to gain a new cellular network operator, ACCC Chairman Rod Sims said in the statement.


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