Friday, 24 March, 2023

Australia Blocks Telstra-TPG Wireless Internet Deal

<p>The Australian Competition &amp; Consumer Commission (ACCC) has rejected TPG Telecom&#39;s regional network-sharing agreement with Telstra Group. The regulator said the deal would significantly weaken overall competition in the country. TPG&#39;s shares tanked nearly 6% to a record low following the news, while Telstra slipped 0.1%. &nbsp;ACCC&#39;s move also comes at a time when all the three firms have suffered data breaches, endangering sensitive information of millions of people.</p> <quillbot-extension-portal></quillbot-extension-portal>