The ACCC’s decision comes after a lengthy review process, which included public consultation and submissions from various stakeholders. The ACCC’s decision is based on the assessment of the proposed agreements’ potential impact on competition in the Australian telecommunications market. The ACCC’s assessment concluded that the agreements would not significantly impact competition in the market.
The ACCC has also confirmed that the merger of TPG and Optus will not impact the availability of mobile services in metropolitan areas. The ACCC has stated that the merger will not affect the availability of mobile services in regional areas.
A. Telcos Forge a Strategic Partnership
B.
* **Non-exclusive agreement:** This means that both telcos can partner with other companies for their respective services. * **Regulatory approvals:** The agreement requires approval from relevant authorities before it can be implemented. * **Initial term of 11 years:** This signifies a long-term commitment between the telcos.
It added that TPG remained behind Telstra and Optus in “key competitive indicators in mobile services markets”, and the network arrangement will boost its retail and wholesale offerings. The competition watchdog added that the arrangement could improve Optus’ ability to compete in Australia’s regional areas with its newfound access to TPG’s spectrum, as well as higher revenue. Shares of Singtel ended 0.3 per cent or S$0.01 lower at S$3.14 on Thursday.
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