TPG Telecom Ltd (ASX:TPG) is one of Australia’s largest broadband and mobile phone providers, with around 2 million broadband subscribers. In 2018, TPG planned to merge with the owner of Vodafone Australia, Hutchison Telecommunications (ASX: HTA), in a potential $15 billion deal at the time, with legal proceedings finishing in 2020. The company now trades under the ticker code ‘TPG’ on the ASX.
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Is the Telstra Corporation Ltd (ASX:TLS) share price a buy today?
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The TPG Telecom Ltd (ASX:TPM) share price fell around 17% on Thursday following a knockout blow from the Australian competition regulator, the ACCC.
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Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.25% at lunch.
The TPG Telecom Ltd (ASX: TPM) share price has fallen 15% due to the ACCC, it said it was concerned about the planned Vodafone merger.
