Telecom
TPG Telecom to Sell Assets to Vocus in $3.5 Billion Deal
- Vocus to provide fixed services back to TPG as part of deal
- Sale marks end of TPG’s strategic review of fiber assets
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TPG Telecom Ltd. agreed to sell its fiber assets and the company’s fixed business serving enterprise, government and wholesale customers to Vocus Group Ltd. in a deal valued at A$5.25 billion ($3.5 billion).
Vocus will provide fixed network services back to TPG as part of the agreement, TPG said in a statement Monday.