- Vocus has received ACCC approval to buy TPG’s fibre and fixed network assets for A$5.25 billion, giving it access to nearly 20,000 business sites.
- The deal strengthens Vocus’ position in Australia’s enterprise broadband market, while allowing TPG to focus on mobile and consumer services.
What happened: Australian regulator approves Vocus’ acquisition of TPG telecom’s fibre and fixed assets
Australia’s competition regulator, the ACCC, has approved Vocus Group’s A$5.25 billion (US$3.3 billion) acquisition of TPG Telecom’s fibre and fixed network assets. This includes TPG’s non-mobile infrastructure, which serves thousands of businesses and data centres across the country. The deal allows Vocus to expand its fibre footprint, gaining access to almost 20,000 buildings nationwide, and strengthens its presence in the enterprise and wholesale broadband market.
The ACCC had previously raised competition concerns, particularly around enterprise network services. However, after further review, the regulator found that the acquisition would not substantially lessen competition and could improve infrastructure-based rivalry in the long run.
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Why it’s important
The deal consolidates Vocus’ position as one of Australia’s largest fibre infrastructure providers, narrowing the gapbetween Vocus and major players like Telstra and NBN Co. With access to TPG’s extensive fibre network, Vocus can offer more competitive, high-speed connectivity services to businesses, particularly in metro areas.
For TPG, the sale allows it to streamline operations and shift focus to mobile and consumer broadband services. The approval signals a regulatory openness to infrastructure consolidation, provided it supports long-term competition and service improvement.
