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VODAPHONE AUSTRALIA RULES OUT MERGER WITH HUTCHISON TELECOM.
MELBOURNE, June 3 Asia Pulse - Vodafone Australia would not be merging with rival Hutchison Telecommunications Ltd (ASX:HTA) as it has a sustainable business and expects continued growth, its managing director Grahame Maher said.
"We don't intend to merge with Hutchison, that is not on our agenda in any way, shape or form," he said.
He said while telecommunications was a fast moving industry, Vodafone had no plans to change in regard to ownership, structures or commitment to its market.
"I would say that Hutchison has to plan and prove what they want to do," he said.
"We believe we have a sustainable business in Australia right now and that will continue to grow."
Speaking on Channel Nine's Business Sunday, Mr Maher also ruled out Vodafone floating on the stock market in the short ...
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Source: HighBeam Research, VODAPHONE AUSTRALIA RULES OUT MERGER WITH HUTCHISON TELECOM.