IMO it will definitely drift to $5.10 or so if blocked. Things...

IMO it will definitely drift to $5.10 or so if blocked. Things are bleak in the sector, if this is blocked, TPG is in a tough spot with shrinking fixed line margins, unused spectrum, and no good mobile assets. It would be a disaster for the company and a disaster for the Australian telco market.

The ACCC completely stuffed this merger decision with 'fantasy land' assumptions and no grasp of economic or technical realities. They expected TPG to build a 4G network even if it was technically inferior and had no upgrade path, just to achieve tiny profits. TLS and Optus would be laughing their a**es off at the ACCC. It's truly obscene.