TPG Telecom Sells Networks to Vocus
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TPG sharesReuters
•Australia's TPG Telecom to sell fibre, fixed assets to Vocus for $3.54 billion
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.
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