Vodafone’s $7.7b Australia merger turned down by regulator

Branding for Vodafone is seen on the exterior of a shop in London, Britain, September 10, 2015. REUTERS/Toby Melville

A planned $7.7 billion merger of Vodafone Group Plc’s struggling Australian business with TPG Telecom Ltd. was blocked by the regulator in a bungled announcement published early that sent stocks tumbling.

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