Australia blocks Telstra-TPG wireless internet deal in bright spot for Singtel's Optus

Australia blocks Telstra-TPG wireless internet deal in bright spot for Singtel's Optus

Photo: Reuters

Australia’s antitrust regulator blocked an asset transfer deal between Telstra and TPG, the country’s No.1 and No.2 wireless internet firms, citing competition concerns, setting the scene for a legal battle over access to four million customers.