Singtel’s Optus ‘delighted’ over Australia’s decision to block Telstra-TPG deal

Optus CEO Kelly Rosamarin said the deal was an “anti-competitive arrangement.”

Singtel’s wholly-owned subsidiary, Optus, has welcomed the decision of Australia’s Administrative Appeals Tribunal to uphold the Australian Competition and Consumer Commission’s (ACCC) rejection of the proposed Telstra and TPG network sharing deal.

Optus CEO Kelly Rosamarin said the company is “delighted” over the decision, saying the arrangement proposed by Telstra and TPG was “anti-competitive.”

“This reinforces the importance of infrastructure-based competition and investment in our communications sector that will have lasting benefits for regional Australia,” Rosamarin said.

“This is a good outcome for our regional communities as it means they will continue to benefit from the competition as Optus reaffirms its commitment to providing Australia’s regional communities with a strong network and great service.”

Since 1992, Optus has invested $43.7b in infrastructure and services in Australia. This year, the company plans to spend an additional $1.6b.