JP Business

Australia's TPG Telecom eyes Vodafone deal, shares soar

Australia's TPG Telecom is looking into a merger deal with rival Vodafone, a move that could provide a faster and cheaper entry into the mobile network market while tempering competition in the cut-throat industry. As Pascale Davies reports, the news sent TPG's shares soaring 20 percent to a near-two-year high. Pascale Davies reports.