× TPG has held ‘exploratory discussions’ with Vodafone to merge

Vodafone Australia has confirmed speculation that it is in talks with TPG Telecom about a potential merger of the two competing telco companies. In a statement to the ASX, TPG said it has held exploratory discussions with Vodafone regarding a 'merger of equals'. A merger of the two is tipped to significantly ramp up competition against Telstra and Optus.

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