Australia court backs $10 billion Vodafone-TPG merger, overruling regulator

SYDNEY (Reuters) - An Australian court on Thursday approved a $10.1 billion (£7.8 billion) merger between a local arm of Britain's Vodafone Group and internet provider TPG Telecom , overruling an earlier move by the antitrust regulator to block the deal.The Federal Court ruled that the tie-up between Vodafone's local joint venture partner, Hutchison Telecommunications (Australia) Ltd , and TPG would not harm competition.That trumped last year's negative decision by the Australian Competition..