Vodafone and TPG announce merger plans
Vodafone Hutchison Australia (VHA) and TPG Telecom have confirmed they have agreed to a merger that will see the two firms join forces as almost equal partners.The newly-formed company will be named TPG Telecom Limited and be valued at around $15 billion. It will be responsible for approximately one-fifth of Australia's mobile phone market, with a total of 6.4 million subscribers, as well as 22…