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(Reuters) -The Australian Competition Tribunal upheld a decision to block an asset transfer deal between wireless internet firms Telstra Group and TPG Telecom, the companies said on Wednesday, in a ruling that sent TPG shares down 7%.
Under the deal announced in February last year, Telstra would have bought spectrum - airwaves which carry wireless internet - and transmission towers from TPG, while TPG would have kept selling 4G and 5G coverage using Telstra infrastructure.
The Australian Compe...
>>> Read more: Australia's competition tribunal blocks Telstra-TPG Telecom network sharing deal
Under the deal announced in February last year, Telstra would have bought spectrum - airwaves which carry wireless internet - and transmission towers from TPG, while TPG would have kept selling 4G and 5G coverage using Telstra infrastructure.
The Australian Compe...
>>> Read more: Australia's competition tribunal blocks Telstra-TPG Telecom network sharing deal
