Australia's TPG Telecom to sell fibre, fixed assets to Vocus for $3.54 billion

By Yahoo! Finance | Oct 13, 2024 at 05:25 PM EST

$Australia's TPG Telecom to sell fibre, fixed assets to Vocus for $3.54 billion$

TPG Telecom will sell non-mobile fibre assets to Vocus Group for A$5.25 billion. This deal will help TPG strengthen its financial position and focus on core business activities. The sale aims to optimize capital structure and drive further investments.

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