The Company is pleased to confirm that the discussions between TPG Telecom Limited
(“TPG”
and Vodafone Hutchison Australia Pty Ltd (“VHA”
, the subject of the Company’s
announcement on 22 August 2018, have now resulted in the companies agreeing to a
proposed merger of equals to establish a fully integrated telecommunications operator in
Australia (“Merger”
. The Merger will create a more effective challenger to the major
incumbents with an integrated fixed and mobile offering and a pro forma enterprise value of
approximately $15.0 billion1.
