potential TPM-VHA merger may prevent feared price dumping by TPM

TPG Telecom Limited (TPM) and Vodafone Hutchison Australia Pty Ltd just confirmed discussions on a potential merger which would probably mean the earlier will not edge into the market through dumping as feared since such reports emerged in May. Although initially TPG's coverage won't be competitive anyway, a merger would very likely prevent increasing pressure on competitors including AYS.

ASX announcement:

22 August 2018
Preliminary discussions regarding merger with VHA

TPG Telecom Limited (TPG) notes the recent media speculation and confirms that it has engaged in exploratory discussions with Vodafone Hutchison Australia Pty Ltd (VHA) regarding a potential "merger of equals" of the two companies.

The TPG Board notes that there is no certainty that any transaction will eventuate or what the terms of a transaction would be.

TPG makes this statement, and will continue to keep the market infomred, in accordance with its coninuous disclosure obligations.

source: https://www.asx.com.au/asxpdf/20180822/pdf/43xk1p1qcnsj1y.pdf