TPG Telecom confirms extra fibre sale talks with Vocus – Telco/ISP

A possible sale of TPG Telecom’s fibre community to Vocus is again on the desk, with TPG confirming that “non-exclusive discussions” have taken place.

A 12 months in the past, Vocus made a non-binding $6.3 billion bid for sure mounted infrastructure property owned by TPG Telecom.

However the potential deal was shelved in November 2023, with the events citing “complexity” and a failure to succeed in agreeable phrases.

The Australian Monetary Evaluate reported yesterday that Vocus is “back at the negotiating table” – with TPG Telecom later confirming re-engagement with Vocus in an ASX filing. [pdf]

TPG Telecom mentioned that at its annual common assembly again in Could, it had mentioned “that it will proceed assessing value-optimising alternate options for its mounted infrastructure property as a part of a strategic assessment.”

“Vocus Group and TPG have engaged in non-exclusive discussions as a part of that strategic assessment course of,” it mentioned.

“There is no such thing as a certainty a transaction will eventuate from the present discussions,” it added, noting the shortcoming of the 2 events to beforehand agree phrases.