ACCC Approves Vodafone/Hutchison Merger

The Australian Consumer and Competition Commission (ACCC) today decided not to oppose the Vodafone/Hutchison merger — a move welcomed by the two companies. The competition watchdog concluded that the merger of the two telcos’ mobile networks was unlikely to substantially lessen competition in the relevant markets, in part because the two would not have maintained the same level of competition they do today over the longer term