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Reuters

Reuters

Australia's TPG Telecom to sell fibre, fixed assets to Vocus for $3.54 billion

Reuters
Summary
Nutrition label

79% Informative

TPG Telecom will sell its fibre and fixed network infrastructure assets to Macquarie and pension fund Aware Super -owned telecommunications group Vocus for A$5.25 billion ( $3.54 billion ) Under the deal, Vocus will acquire TPG 's enterprise, government and wholesale (EG&W) fixed business and fibre network assets.

TPG expects the deal to deliver net cash proceeds between A$4.65 billion and $4.75 billion , which the firm intends to use for further management of capital.

VR Score

90

Informative language

98

Neutral language

35

Article tone

formal

Language

English

Language complexity

58

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

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