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TPG Telecom sells fibre and fixed network assets to Vocus for A$5.25 billion.
TPG Telecom, a major Australian telecom operator, is selling its fibre and fixed network assets, including Vision Network, to Vocus for A$5.25 billion ($3.54 billion).
The sale includes TPG's enterprise, government, and wholesale fixed business, while TPG retains its mobile and retail services.
TPG expects net cash proceeds of A$4.65 to A$4.75 billion for future investments.
The sold unit accounted for 18% of TPG's 2022 revenue.
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TPG Telecom vende fibra y activos de la red fija a Vocus por A$ 5.250 millones.