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.
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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.
Submarine Assets
Vocus will acquire TPG's PPC-1 submarine cable which runs from Sydney to Guam, accompanying Vocus' existing Australia Singapore Cable, North-West Cable system, Darwin-Jakarta-Singapore Cable system, and the in-progress Pacific Connect cable system.
With this acquisition, Vocus will own and operate diverse international cable landings in Sydney, Melbourne, Perth, Darwin, and Port Hedland, along with capacity on numerous third-party cable systems.
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Approvals and Integration
The deal also includes TPG's Vision Network wholesale residential broadband assets, located in major capital cities, including Ballarat, Mildura, and Geelong, supporting Vocus' growing consumer and NBN wholesale business.
Vocus plans to integrate TPG's assets into its operations once the acquisition is complete. The acquisition is subject to customary regulatory approvals from the FIRB and the ACCC.
