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Australia's TPG Telecom ends $4 billion fibre sale talks with Vocus

"The proposed transaction involved considerable complexity and, ultimately, the parties have been unable to reach alignment on the operating model and commercial terms," TPG Telecom said in a statement. In August, Vocus had made a non-binding offer to TPG Telecom to acquire certain Enterprise, Government and Wholesale (EGW) assets and associated fixed infrastructure assets, including wholesale broadband business Vision Network. TPG later extended the due diligence period for the deal...
Sandra Maler Himanshi Akhand Vision Network Telecom Ltd Telstra Group Vocus Group
Source: yahoo.com

ASIC chairman Joe Longo has warned of alarming gaps in the cybersecurity defences of Australian businesses, as Optus, Telstra and other telco companies face costly upgrades under the government's new laws

ASIC is alarmed at corporate Australia’s lack of preparedness for digital threats, while experts say it will be costly for telcos to comply with new cyber laws.
Andrew Sheridan Clare Oneil Alastair Macgibbon Paul Budde Home Affairs Telecommunications Act
Source: afr.com

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