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Vodafone bets on $8 billion merger to boost Australia business

August 30, 2018 5:27 AM
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Vodafone bets on $8 billion merger to boost Australia business

Vodafone is betting on an $8 billion merger to better compete with Australia's telecom giants as the country prepares to shift to faster mobile networks.

Vodafone's (VOD) Australian business is the third largest mobile operator in the country after Telstra (TLSYY) and Optus, which also have big fixed-line internet operations. Vodafone announced Thursday that it's teaming up with TPG, a major fixed-line broadband provider.

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