Australian telco Vocus receives government nod for TPG Telecom deal

Australia’s TPG Telecom said on Monday that Macquarie-backed Vocus Group has secured the final approval for its A$5.25 billion ($3.42 billion) acquisition of TPG’s enterprise, government and wholesale fixed-line and fibre assets.

The deal, first announced in 2024, received approval from Australia’s competition regulator in March, positioning Vocus as one of the country’s largest owners of underground fibre infrastructure.

The acquisition will allow Vocus to connect nearly 20,000 buildings across Australia.