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Vocus Group submits $4b buyout deal for rival TPG Telecom’s fiber assets 
Transactions - AUGUST 7, 2023

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Vocus Group submits $4b buyout deal for rival TPG Telecom’s fiber assets 

by Kali Persall

Vocus Group, an international telecom company headquartered in Australia, has submitted an offer to acquire some of rival TPG Telecom’s nonmobile fiber assets in a A$6.3 billion ($4.1 billion) deal.

On Aug. 1, TPG released a letter in response to an article in the Australian Financial Review, which announced the potential sale. TPG said it previously announced a strategic review of its wholesale residential fixed access business, Vision Network, in October 2022. Following the announcement, TPG received a number of nonbinding expressions of interest in its fixed network infrastructure assets. As part of that process, Vocus Group made an indicative, highly conditional, non-binding offer to acquire certain TPG’s enterprise, government and wholesale assets, and associated fixed infrastructure assets, including Vision Network, for approximately A$6.3 billion.

In 2021, Vocus Group was bought out by Macquarie and pension fund Aware Super in a A$3.5 billion ($2.3

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