Vocus to Acquire TPG Telecom’s Fixed Business and Fibre for AUD 5.25 Billion

Australian operator Vocus and its shareholders, Macquarie Asset Management (MAM) and Aware Super, have signed an agreement to acquire TPG Telecom‘s Enterprise, Government, and Wholesale (EG&W) fixed business and fibre network assets for AUD 5.25 billion. Under the terms of the agreement, Vocus and TPG will enter into a long-term strategic partnership, providing TPG with ongoing access to Vocus’s fibre infrastructure.

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Strategic Benefits for Vocus

Post-acquisition, Vocus will operate a network of more than 50,000 km of owned or leased fibre under long-term right-of-use arrangements, nearly 15,000 km of international submarine cables, and close to 20,000 connected buildings.

The agreement includes TPG’s fibre network infrastructure, EG&W fixed customer base, IT assets, international submarine cables, and Vision Network’s wholesale residential broadband business. TPG will retain its mobile radio network infrastructure, consumer and EG&W mobile business, and its consumer and small office/home office commercial fixed business.

Vocus said the acquisition will position it as a key digital infrastructure operator in Australia, with an extensive integrated network of high-quality subsea, metropolitan, intercapital, and regional fibre, providing significant breadth and scale. The complementary assets will enable Vocus to deliver services to a diversified customer base and drive competition in the sector.

Also Read: Vocus to Roll Out 1.6 Tbps Technology on Long-Haul and Metro Links With Ciena

According to the official release, Vocus and TPG’s fibre assets largely serve complementary segments of Australia’s EG&W sector. Vocus’s intercapital and regional fibre infrastructure will be integrated with TPG’s metropolitan fibre footprint.