TPG Telecom to Sell Fixed Assets to Vocus in A$5.25 Billion Deal

(Bloomberg) — TPG Telecom Ltd. agreed to sell its fiber and enterprise, government and wholesale fixed business to Vocus Group Ltd. in a deal valued at A$5.25 billion ($3.5 billion).

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

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