TPG shares are going nuts after the Vodafone Hutchison merger

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Shares in TPG Telecom soared after announcing the merger with Vodafone Hutchison merger.

A short time ago, the shares were up 17.6% to $9.270.

The merger creates a $15 billion company, big enough, the partners say, to take on the top two telcos, Telstra and Optus.

The merged company will have about 20% of Australia’s mobile phone market and 22% of the fixed line market.

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