The Australian Competition and Consumer Commission has cleared the way for TPG Telecom's planned $1.6 billion takeover of internet services provider iiNet.
A merger of iiNet and TPG will create Australia's second biggest fixed-line internet provider, behind Telstra.
"While the ACCC was concerned that the acquisition of iiNet by TPG may lessen competition in the retail fixed broadband market, particularly in the short term, the ACCC concluded that this would not reach the threshold of a substantial lessening of competition," ACCC chairman Rod Sims said.
Mr Sims warned that any future merger between two of the remaining four large suppliers of fixed broadband services in Australia would likely raise "serious competition concerns".
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