"The Australian telecommunications market is characterised by the presence of Telstra and Optus", stated Iñaki Berroet, CEO of Vodafone Hutchinson Australia.
"The combined listed company will be a more capable challenger to Telstra and Optus, and will be much better placed to invest in next generation mobile and fixed line services", Nick Read, CEO-designate, Vodafone, said.
The "merger of equals" sees TPG shareholders take 49.9% stake while Vodafone Hutchison shareholders will hold 50.1%.
Shares in TPG were up 16 percent at A$9.14 in midday (0200 GMT) trade following the announcement.
TPG is also in the process of building a mobile phone network, but with the Vodafone network poised to join TPG's business, analysts are asking does the merged company need this new network? TPG also noted that their Singaporean mobile business would be split off to its existing shareholders "by way of an in-specie distribution".
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.
The merged company, to be listed as TPG Telecom Limited on the ASX, will have a combined market value of about $15 billion.
One of Australia's most acquisition-hungry telcos, TPG, is to merge with mobile carrier Vodafone Australia. Vodafone will provide a guarantee on AUD 2.4 billion of this debt, lower than the AUD 3.3 billion guarantee that Vodafone now provides for VHA's debt.
The Australian TPG was founded in the 1980s by David Teoh, originally as a distributor and sometimes manufacturer called Total Peripherals Group. Shares in Hutchison Telecommunications Australia (a shareholder in Vodafone Australia), leapt to 18 cents, up 445 on the day and 240% in the month so far.
'With this merger, we will be a more formidable competitor against Telstra and Optus.' said Mr Teoh.
The reclusive TPG chief executive David Teoh will be chairman of the merged group.
The Australian Competition and Consumer Commission said it will before long start an open survey of the proposed merger to recognize any opposition concerns.
Both companies confirmed they will bid for 5G spectrum when it is auctioned by the Federal Government later this year.
The code was discovered by Guilherme Rambo , who is known for reverse engineering Apple firmware and providing Apple leaks online. The iPhone XS will reportedly come in a new, gold colour scheme in addition to the standard black and grey designs.
Had the Greek side progressed, Liverpool would have been assigned to a more favourable place in pot two of the draw. The Russian champions are easily the weakest team in pot one and Dortmund will be hoping wind up in their group.
But China hit back, with its Foreign Ministry saying on its website: "The US statement violates basic facts and is irresponsible". Analysts also speculated that Trump's decision came for fear that Pompeo's fourth trip to the DPRK would be fruitless.
It forced the closure of the westbound lanes of the interstate and traffic was backing up as travelers were diverted. Aerial footage by CNN affiliate KRQE showed the bus damaged on the front edge, but upright, in the grass median.
According to ESPN's Adam Schefter , the Saints acquired Bridgewater in a trade with the New York Jets on Wednesday. The Saints' two backup QB candidates this summer were veteran Tom Savage and second-year dual threat Taysom Hill .
Government forces have been massing around Idlib province for weeks, particularly in Al-Ghab which was once a key farming area. Special Envoy for Syria, Staffan de Mistura warned that miscalculations may occur, leading to an "unforeseen escalation".
The singer stayed silent for almost a full minute in front of a star-studded backdrop, before concluding, "We love you, Aretha ". Wright Museum of African American History, where Franklin's 24-karat-gold-plated casket was wheeled into early in the morning.
And the humanitarian funding decision could lead to Palestinian suspicions that Washington is using it as leverage. Today, there are an estimated 5 million refugees and their descendants, mostly scattered across the region.
Earlier on Monday, the White House was urged by senators of both parties to lower its United States flags in honour of McCain. Larry Hogan, a Republican, ordered state flags there to be lowered to half-staff in honor of McCain until his burial Sunday.
While organisers predicted 500,000 would attend Francis' Mass, estimates put it the attendance figure at just 200,000. Last month, the Pope accepted McCarrick's resignation following the release of evidence that he had abused a child.
'Gather round': Apple unveils iPhone launch date
As for the Apple Watch , we're again looking at something that largely does not deviate from the Apple Watch as we know it today. Ars will be at Apple's September event reporting on all the news, so be sure to check back for the latest on September 12 .
US Open admit wrong to warn Cornet over shirt change
Cornet quickly switched the top around standing behind the baseline and was astonished to be given a code violation by the umpire. French tennis player Alize Cornet was given a code violation after she removed her shirt during a match at the US Open .
In debate with Nixon, Cuomo vows to serve full third term
Andrew Cuomo (D-N.Y.) and actress Cynthia Nixon traded personal barbs Wednesday night during a tense gubernatorial primary debate. Cuomo responded that he didn't know about Percoco's activities and said he would push for greater ethics reforms if re-elected.