TPG Telecom agrees to sell assets to Vocus


TPG chief executive officer Inaki Berroeta

SYDNEY: TPG Telecom Ltd has agreed to sell its fiber assets and the company’s fixed business serving enterprise, government and wholesale customers to Vocus Group Ltd in a deal valued at A$5.25bil (US$3.5bil).

Vocus will provide fixed network services back to TPG as part of the agreement, TPG said in a statement yesterday.

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TPG Telecom , fiber , Vocus Group

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