L O L You've finally shown your hand - haha! What you just wrote...

L O L

You've finally shown your hand - haha!

What you just wrote demonstrates that TPM holds all the leverage in any potential negotiation. The fact that TPM owns the fibre underground, that is key to Vodafone's network even functioning, is paramount. When you factor in that Vodafone has a far higher cost base...TPM is in no rush to do a damn thing. Teoh - as would any astute entrepreneur - should and could just keep chipping away at Vodafone.

If the JV only lasted 5-7 years, I wouldn't be fussed. But TPG Telecom holds the leverage here.

The fact that you are an industry insider begs the question, is a JV on the table?