ACCC accused of harming competition in TPG, Vodafone merger decision

guest · Sep 10, 2019

ACCC accused of harming competition in TPG, Vodafone merger decision
Hearing begins in Federal Court
September 10, 2019
https://www.itnews.com.au/news/accc...tition-in-tpg-vodafone-merger-decision-530801

Australia's antitrust regulator has hurt competition, not helped it, by blocking a $15 billion merger between the third- and fourth-largest telecoms providers, a lawyer for one of the companies told a court on Tuesday.

The Australian Competition and Consumer Commission (ACCC) opposed a tie-up between TPG and Vodafone Hutchison Australia in May on grounds that it would discourage both from competing in each other's markets.

"The notion that TPG would, if the merger's blocked, roll out a mobile network is just not of the real commercial world," said Vodafone lawyer Peter Brereton in his opening statement at a Federal court hearing.
Brereton said it would be "commercially crazy" for TPG to build its own mobile network to rival Vodafone's, and "that, in particular, is where the ACCC's case descends into speculation and possibilities."
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guest · Sep 23, 2019

ACCC says TPG consultant 'had no idea' in TPG-VHA merger case
September 23, 2019
https://www.zdnet.com/article/accc-says-tpg-consultant-had-no-idea-in-vha-merger-case/

Professor Stephen Gray, a consultant hired by TPG, faced the blowtorch of the Australian Competition and Consumer Commission's (ACCC) legal counsel, Michael Hodge, who sought to show Gray was not an expert in providing financial advice to TPG during its capital raise.

Hodge alleged that Gray's expertise was largely theoretical, based on empirical studies, and not real experience. His questions honed in on whether Gray's views were based on his expertise or common sense and if his opinions fell outside his "practical consulting expertise".
The case is expected to continue until 1 October 2019.
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ACCC accused of harming competition in TPG, Vodafone merger decision

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