RE: Observation30 Aug 2018 16:22
Poker Hi,
In reading the following report I thought VOD owned 50.1 % partnership.
Aug 30 (Reuters) - Australia's TPG Telecom Ltd and Vodafone Group's local business units said on Thursday they had agreed to merge, with the combined entity sporting an enterprise value of A$15 billion ($10.97 billion), in a consolidation to take on bigger telecom rivals like Telstra and Optus.
The new entity will assume TPG's name and will be listed on the Australian Securities Exchange, with TPG shareholders holding 49.9 percent and Vodafone owning the remainder.
"With this merger, we will be a more formidable competitor against Telstra and Optus," said TPG Chairman, David Teoh.
Sounds good though !
ATB
Tom :-)