Australian Broker Call *Extra* Edition - Nov 16, 2023
Extra Edition of the Broker Call Report
Stay updated with breaking news from Telstra Group. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Extra Edition of the Broker Call Report
Australia's TPG Telecom said on Monday (Nov 13) it had ended discussions with Macquarie-backed rival Vocus Group for the sale of some of its non-mobile fibre assets for about A$6.3 billion (US$4 billion) as the parties failed to agree commercial terms. "The proposed transaction involved considerable comple
Australia's TPG Telecom Ltd said on Monday it had ended discussions with Macquarie-backed rival Vocus Group for the sale of some of its non-mobile fibre assets for about A$6.3 billion as the...
Australia's TPG Telecom Ltd said it had ended discussions with rival Vocus Group for the sale of some of its non-mobile fibre assets for about $4bn.
"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 in September, before it expired in October.