In a recent announcement by Australia's TPG Telecom Ltd, the company mentioned that it was examining a merger deal with rival Vodafone. This move could allow TGP to enter the mobile network market faster and less expensively while lightening the competition in this ruthless industry.The news caused a huge increase of 20% to a near-two-year high in TPG's shares, their best daily gain since 2009.

Read more: Australia's TPG Telecom and Vodafone in talks of potential merger

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