Page 9 - Vision Network News Today

By Stuart Condie SYDNEY--TPG Telecom is in talks over the potential sale of non-mobile fiber assets, including its wholesale residential fixed-asset...

TPG Telecom has never been scared of a deal. However, this time it is about selling, not buying, and mastermind founder David Teoh is not steering the ship.

The talks, revealed by Street Talk and confirmed by TPG on Tuesday, are an exciting development for telco bosses.

TPG Telecom said that Vocus made a non-binding offer to acquire certain Enterprise, Government and Wholesale (EGW) assets and associated fixed infrastructure assets, including wholesale broadband business Vision Network.

TPG Telecom granted Vocus an exclusive period of due diligence after the latter made a non-binding AUD6.3 billion offer for fixed assets.

Australia’s TPG Telecom has confirmed that it received a significant offer of A$6.3 billion ($4.21 billion) from Vocus

Australian telco TPG Telecom is in talks with the Vocus Group to sell its non-mobile fibre assets for $6.3 billion, a notice sent to the ASX by the co...

Includes certain assets within its enterprise, government and wholesale segments and associated fixed infrastructure assets, including Vision Network.

Click here to listen to the latest episode of NGI’s Hub & Flow. Primary Vision Network CEO Matthew Johnson offers his expertise into the U.S. drilling

Despite challenges such as rising costs and shortages of drilling material, the U.S. oil industry is expected to break its 2019 production record later this year