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Digital infrastructure specialist Vocus will acquire TPG’s fixed business and fibre network assets for $5.25 billion, extending its network of international subsea cables beyond the WA coast.

Business News

Vocus to acquire TPG assets in $5.3bn deal

TPG Telecom will sell its fibre and fixed network infrastructure assets including broadband provider Vision Network to Macquarie and pension fund Aware...

Business Times

Australia’s TPG Telecom to sell fibre, fixed assets to Vocus for A$5.25 billion

TPG Telecom reached an agreement to offload much of its fixed infrastructure assets to Vocus Group for AUD5.3 billion ($3.6 billion), with the fibre company to provide network services back to Australia’s third-largest mobile player. The transaction covers TPG Telecom’s fibre network infrastructure; Enterprise, Government and Wholesale fixed customer base; IT assets; international submarine cables; and Vision Network’s wholesale residential broa…

Mobile World Live

TPG finalises fixed, fibre deal with Vocus

Follows failed $6.3 billion bid last year.

iTnews

TPG to sell fibre assets to Vocus for $5.3bn

TPG Telecom has agreed to sell its fibre network infrastructure assets and its enterprise, government and wholesale (EGW) fixed business for an enterprise value of roughly $5.3 billion. The deal includes Vision Network and sees TPG retain its mobile radio network infrastructure, consumer and EGW mobile business and its consumer and small office/home office fixed retail business, including fixed wireless, according to an announcement published on…

TPG agrees to $5.3B asset sale to Vocus

TPG Telecom Ltd (ASX: TPG) shares are catching the eye on Monday morning. At the time of writing, the telecommunications company's shares are up 1.5% to $5.17. Why are TPG Telecom shares rising? Investors have been buying the company's shares this morning after it announced a binding share purchase agreement (SPA) to sell a number of assets to Vocus Group. According to the release, Vocus Group will acquire TPG Telecom's fibre network infrastruct…

fool.com.au

TPG Telecom shares rise on $5.2b asset sale to Vocus

Vocus, which is backed by Macquarie Asset Management and Aware Super, has agreed to acquire TPG Telecom’s enterprise, government and wholesale fixed and fibre network assets – including Vision Network – for A$5.25 billion. Vocus will by way of this deal operate a network of more than 50,000km of owned or leased fiber and almost...

channelnews.com.au

channelnews :  Vocus Acquires TPG Telecom’s Fixed and Fibre Assets For $5.25 Billion

Australia’s TPG Telecom announced plans to sell its fibre and fixed network infrastructure assets to Vocus, a telecommunications group owned by Macquarie and pension fund Aware Super. The deal is valued at A$5.25 billion ($3.54 billion).  As part of the agreement, Vocus will acquire TPG’s enterprise, government, and wholesale (EG&W) fixed business, as well as its fibre network and Vision broadband operations. TPG will retain its mobile and fixed…

TelecomLead

TPG Telecom sells fibre and fixed network for A$5.25 bn to Vocus - TelecomLead

News  Discussions between the two companies first began in July last year  Australia’s Vocus has announced a binding agreement to acquire TPG’s Enterprise, Government, and Wholesale (EG&W) fixed business and fibre network assets for AU$5.25 billion (US$ 3.35 billion). The acquisition will position Vocus as a digital infrastructure operator in Australia, boosting its ability to serve enterprise, government, and wholesale customers.  The deal will…

totaltele.com

Vocus to acquire TPG’s fibre and fixed network assets for $3.35bn

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Vocus to acquire TPG assets in $5.3bn deal

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