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Tpg Telecom: Telstra did not provide any details about its decision to not appeal the tribunal's decision in the exchange filing, and did not immediately respond to a Reuters request for further details.
Telstra and TPG announced today that they will not appeal against the decision to block their regional network sharing deal MOCN which has been in flux since it was first penned in February last year.
In June, the Australian Competition Tribunal upheld the competition regulator's decision to block the deal between the telecom firms, under which Telstra would have bought spectrum and transmission towers from TPG, while TPG would have kept selling 4G and 5G coverage using Telstra infrastructure. The country's competition regulator had ruled against the asset transfer deal in December citing competition concerns and potentially impacting the no. 2 wireless internet provider Optus, owned by Singapore Telecommunications.
-TPG Telecom, one of Australia's top telecom firms, on Tuesday said it received an offer from Macquarie-backed rival Vocus to buy some of its non-mobile fibre assets for about A$6.3 billion , sending...
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.