"The proposed transaction involved considerable complexity and, ultimately, the parties have been unable to reach alignment on the operating model and commercial terms," TPG Telecom said in a statement. In August, Vocus had made a non-binding offer to TPG Telecom to acquire certain Enterprise, Government and Wholesale (EGW) assets and associated fixed infrastructure assets, including wholesale broadband business Vision Network. TPG later extended the due diligence period for the deal in September, before it expired in October.
Vocus Group's $6.3 billion bid for Australian telco TPG Telecom's non-mobile fibre assets will no longer push through with both sides unable t.
TPG Telecom ends $6.3 billion fibre sale talks with Vocus crn.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crn.com.au Daily Mail and Mail on Sunday newspapers.
Optus: The government would undertake a post-incident review into the outage that hit payments, transport and hospitals, Communications Minister Michelle Rowland said, describing the impacts as "particularly concerning."