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ACCC delays TPG-Vodafone decision due to lack of information

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The date for the Australian Competition and Consumer Commission (ACCC) to make a decision on the merger between TPG and Vodafone Australia has been pushed out from March 28, to potentially April 11.

In an update on the merger posted on Tuesday, the consumer watchdog said its decision will be delayed.

“Timeline suspended due to delay in receiving information from merger parties,” the ACCC said.

“New provisional decision date is expected to be 11 April 2019. The ACCC will confirm the new provisional decision date when the information from the merger parties is received.”

Last month, the ACCC said in a statement of issues that it had concerns over the proposed merger.

“Our preliminary view is that TPG is currently on track to become the fourth mobile network operator in Australia, and as such it’s likely to be an aggressive competitor,” ACCC Chair Rod Sims said at the time.

“We therefore have preliminary concerns that removing TPG as a new independent competitor with its own network, in what is a concentrated market for mobile services, would be likely to result in a substantial lessening of competition.

“If TPG remains separate from Vodafone, it appears likely to need to continue to adopt an aggressive pricing strategy, offering cheap mobile plans with large data allowances. Our preliminary view is the merged TPG-Vodafone would not have the incentive to operate in the same way.”

The ACCC said it would also look into whether removing Vodafone as a fixed broadband competitor would impact competition.

TPG and Vodafone Australia announced in August they would be creating a new entity worth AU$15 billion that would use the TPG moniker.

The new company is slated to have current Vodafone chief Inaki Berroeta serve as CEO and current TPG chief David Teoh serve as chair, as well as book revenue of AU$6 billion, earnings before interest, tax, depreciation, and amortisation (EBITDA) of AU$1.8 billion, and operating free cash flow of AU$900 million.

Related Coverage

ACCC has concerns over TPG-Vodafone merger

The TPG-Vodafone Australia merger decision has yet to be made, with Australia’s consumer watchdog saying it has concerns about competition that need to be addressed.

Telstra, Optus, TPG-Vodafone win 5G spectrum

Telstra paid AU$386 million for 143 lots; Optus paid AU$185 million for 47 lots; the TPG-Vodafone Australia joint venture paid AU$263 million for 131 lots; and Dense Air Australia paid AU$18.5 million for 29 lots.

TPG board avoids second strike and spill

TPG looks to have avoided a second strike and the threat of a board spill after 94 percent of proxy votes were cast in favour of its remuneration report.

TPG faces court action for allegedly misleading customers

The ACCC has alleged that TPG misled customers over a AU$20 prepayment term in its contracts, estimating that TPG likely retained millions of dollars in forfeited prepayments.

TPG takes out third NBN speed-monitoring report

The ACCC has said TPG is delivering the highest percentage of maximum download and upload speeds to its NBN customers, with Telstra retaining the lowest latency, while MyRepublic came last across most categories.

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Today’s Wordle Answer #472 – October 4, 2022 Solution And Hints

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The answer to today’s Wordle puzzle (#472 – October 4, 2022) is bough, which is what you call a branch, especially the main branch, of a tree. The word bough has roots (no pun intended) in the Old English word “bōg,” which means shoulder, similar to Old High German’s “buog,” which means the same thing (via Etymonline). There’s a popular Roman myth about the Golden Bough, which is a tree branch with golden leaves that enabled the trojan hero Aeneas to travel safely through the land of the dead. 

We solved the puzzle in three tries today, kicking things off with an expert-endorsed starter word, slate. We tried the word brush next, which turned out to be a really lucky guess with three green tiles. The answer was apparent by the third guess, and since we also solved the puzzle in three guesses yesterday, that begins a three-try streak that we hope we can continue tomorrow!

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How To Display iPhone 14 Pro’s Dynamic Island On Any Android Device

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You can also choose whether to display the cutout at the center of the display (for hole-punch cameras on the center of the display) or on the left for cameras placed in the corner. Remember that as you increase or decrease the cutout size, the icons shown in it will also scale to match. Thankfully, the app gives you a preview of the cutout when you are changing the settings.

You can also modify gestures such as single tap or long press. Dynamic Spot also allows you to change the default time, after which the pop-up automatically disappears. Additionally, you can fiddle with a lot of appearance-related settings, such as the animation when the Dynamic Island clone pops up or unfolds.

Just as on the iPhone 14 Pro, the Dynamic Spot on your Android app will show the app icon when a new notification arrives. You may selectively choose which apps display the notifications or allow all apps of them. You can also tap on the app’s icon to open the notification or long-press the icon to preview the notification.

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The 10 Wildest Features Of The Mercedes Maybach Off-Roader

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Sustainability is a word on every car manufacturer’s radar right now, with more focus being given to the idea of eco-friendly vehicles than ever before. The Off-Roader plays into that theme by featuring a prominent set of solar panels mounted on its hood, which could be used to generate power to extend the range of the car. It’s worth pointing out that this is all hypothetical, as the show car is non-functional, and has no drivetrain. Mercedes is keen to stress, though, that if the car did have a drivetrain, it would be all-electric, although no detail is given on the power or range that would be available to drivers.

The solar panels are interwoven with yet more Maybach logos, and their tinted finish makes them blend in almost seamlessly with the rest of the hood. It’s been pointed out by industry analysts that adding solar panels to cars is not always as environmentally friendly as it might seem, as the panels are only able to generate a very small amount of power. That power can easily be consumed by the added A/C strain caused by parking a car out in the sun all day to charge it. Car-mounted solar panels might be a flawed idea in practice, but even so, it’s interesting to see how Abloh was able to inconspicuously add them in without compromising the overall look of the car.

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