back to top

Australia’s competitors watchdog begins assessment of Vocus-TPG $3.4 billion deal By Reuters

Related Article

(Reuters) -Australia’s competitors regulator mentioned on Monday it’s in search of views on the Macquarie-backed telecommunications group Vocus’ A$5.25 billion ($3.39 billion) takeover of native telecom operator TPG Telecom (BCBA:)’s enterprise, authorities, and wholesale (EG&W) mounted enterprise and fibre community belongings.

The Australian Competitors and Shopper Fee (ACCC) mentioned it’s in search of views from events on the probably influence on costs and repair high quality within the provide of mounted line voice providers, information networks and connectivity providers, amongst different queries, if the deal was to obtain approval.

TPG Telecom introduced the deal in October, stating that it might retain its radio community infrastructure, cellular and glued retail and wi-fi companies after Vocus’ takeover of its fibre and glued belongings.

ACCC has invited submissions from events relating to the acquisition by Dec. 2, whereas offering Feb. 13, 2025 as a provisional date for the announcement of its findings from the continuing assessment.

TPG Telecom mentioned in an emailed response to Reuters that it’s dedicated to working carefully with ACCC and Vocus “to ensure this review process concludes as quickly and efficiently as possible”.

Vocus Group declined to remark.

($1 = 1.5468 Australian {dollars})

Related Article