Australian Gov't Clears Vocus-TPG Telecom Fiber Deal
Paul Lipscombe, DataCenterDynamics
July 8, 2025
The Australian government has approved Vocus Group's AU$5.25 billion (US$3.42bn) acquisition of TPG Telecom's fiber infrastructure assets and Enterprise, Government, and Wholesale (EGW) fixed business.
Significantly for Vocus, it's the final approval the company needed to complete the deal, which was first announced last year.
The deal was previously cleared by the Australian Competition and Consumer Commission (ACCC) in March.
Approval from the government means the deal is expected to be completed by the end of the year.
“This clearance represents the final Australian regulatory approval required for this transaction, and we will continue to work towards finalizing the remaining conditions precedent,” said Vocus in a statement.
“When completed, it will position Vocus as a key digital infrastructure operator in Australia, with an extensive integrated network of high-quality subsea, metropolitan, intercapital and regional fibre with significant breadth and scale.”
Vocus and TPG Telecom entered discussions with Macquarie-backed Vocus over a deal to buy TPG's non-mobile fiber assets after Vocus' initial bid of AU$6.3 billion ($4.1bn) in August 2023.
Once completed, Vocus will operate a network of more than 50,000km (31,068 miles) of fiber owned or leased under long-term right-of-use agreements, plus nearly 15,000km (9,320 miles) of international submarine cables, and around 20,000 connected buildings.
As part of the deal, Vocus will also acquire TPG Telecom’s PPC-1 submarine cable, which runs from Sydney to Guam.
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