TPG Telecom, Vocus revive $4.1 bln fibre sale talks

TPG Telecom has revived discussions with Macquarie-backed Vocus Group for the sale of some of its non-mobile fibre assets, the Australian telecom operator said on Monday, nine months after ending previous talks over the same divestment.

Australian data services company Vocus Group in August 2023 bid for some of the non-mobile fibre assets of TPG Telecom, one of the country’s largest telecom operators, valuing the assets at about A$6.3 billion ($4.10 billion).