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

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

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter