Australian telco TPG Telecom is in talks with the Vocus Group to sell its non-mobile fibre assets for $6.3 billion, a notice sent to the ASX by the co.
It’s Telstra and TPG versus Optus and the ACCC in a showdown with all the trimmings. At stake is who’s likely to be No.1, No.2 and No.3 in mobile communications.
It’s a big moment for Stonepeak in Australia having kicked tyres on a handful of assets in the past couple of years in a bid to strike its first local investment.
Connection test: TPG Telecom goes to market with $41m pitch mumbrella.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mumbrella.com.au Daily Mail and Mail on Sunday newspapers.