Disappointing action, page-4

It is hard to work out what the ACCC will do.

Rationally, competition in Australia will be greatly enhanced by a TPG and Vodafone merger.  Not allowing it forces both companies to compete from a very weak position.

However, the ACCC has form in helping protect ex Government entities.
Just look at the anti competitive behaviour of Qantas.  Code sharing with Air NZ and Cathay Pacific to dominate markets and being allowed to buy 20% of Alliance, major contractor to Virgin.

It is a skewered world when the greatest protection Telstra could get is for the ACCC to block the TPM/VHA merger on competition grounds!