TPG/VHA

You would have thought the creation of TPG/VHA on the back of the recent Federal Court success should be good outcome for large MVNOs like AYS:

https://www.copyright link/chanticleer/why-the-accc-shouldn-t-appeal-tpg-case-20200213-p540ez

1) AYS now has three strong MNOs to bid for its customer base in 2020 (Optus expiry)
2) Break-up value of AYS customer base now has three strong bidders with motivation for the #4 customer base - AYS customers are worth substantially more than the standalone EV of the group today (inc Energy)
3) Optus is a weak #2 and needs to desperately hold onto the amaysim customer base
4) 5G will be the sole domain of MNOs for the first 12-18 months of rollout. All MNOs will need to monetise the old 4G network to help with the 5G transition