merg with voda phone, page-4

I believe it would be a positive due the fact HTA have to pay to use the NextG towers (coeverage).
Covergae will drop from 98% of the population to 95% on vodafone's 900mhZ coverage.

There is also more smart phones that use the 900mhz whereas there is only a few that HTA sell with the 850mhz frequency.

The following was quoted from the announcent on the 9th of Feb

"The in-market nature of the transaction is expected to create significant value.
Economies of scale across procurement, product development, IT, network,
commercial operations and administrative expenses are expected to deliver
significant cost savings. The net present value of operating expense and capital
expenditure synergies is currently expected to be in excess of A$2 billion, net of
integration costs."