(PRESS RELEASE) BERKSHIRE, 13-Jul-2020 — /EuropaWire/ — British multinational telecommunications company Vodafone Group Plc has announced that the merger between Vodafone Hutchison Australia Pty Limited (VHA) and TPG Telecom Limited (TPG) have now been completed. The newly formed entity will establish a fully integrated telecommunications operator in Australia and will be admitted to the Australian Securities Exchange (ASX) trading under the name TPG Telecom Limited.
Vodafone and Hutchison Telecommunications (Australia) Limited (HTAL) will each own an economic interest of 25.05% in the merged entity while TPG shareholders will own the remaining 49.9%. The new TPG Telecom will trade using a range of brands including Vodafone and TPG.
Vodafone is a leading technology communications company keeping society connected and building a digital future for everyone.
Vodafone is focused on two scaled and differentiated regional platforms in Europe and Africa. We operate mobile and fixed networks in 22 countries and partner with mobile networks in 48 more. As at 31 March 2020 we had over 300m mobile customers, more than 27m fixed broadband customers and over 22m TV customers.
We connect for a better future. We are optimistic about how technology and connectivity can enhance the future and improve people’s lives. Through our business, we aim to build a digital society that enhances socio-economic progress, embraces everyone and does not come at the cost of our planet. That is why we have committed to improve one billion lives and halve our environmental impact by 2025.
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SOURCE: Vodafone Group