You're totally misunderstanding the merger. TPG isn't trying to beat TLS at their own game. They're a different offering that's going to capture all the customers that don't just religiously use Telstra. I hold both because they corner different parts of the market.
And merging with Vodafone is just the quickest and easiest way of moving forward. The alternative would be a long drawn out process of trying to run them out of business (which seems to be what the ACCC wanted).
Merger. ... impact on TLS?, page-42
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$3.61 |
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| Open | High | Low | Value | Volume |
| $3.59 | $3.61 | $3.57 | $88.57M | 24.62M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 38155 | $3.60 |
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| Price($) | Vol. | No. |
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