Vocus Group Secures $3.34B TPG Deal To Enhance Fibre Network
By Communications Today
March 20, 2025
Vocus and its shareholders (Macquarie Asset Management (MAM) and Aware Super) today announced the signing of a binding agreement to acquire TPG’s Enterprise, Government and Wholesale (EG&W) fixed business and fibre network assets for A$5.25 billion.
The acquisition 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. The complementary assets will allow Vocus to deliver highly valued services to a diversified base of customers and drive competition in the sector.
Under the terms of the agreement, Vocus and TPG will enter a long-term strategic partnership providing TPG with ongoing access to Vocus’ fibre infrastructure, delivering enduring network planning and access certainty.
Post acquisition, Vocus will operate a network of more than 50,000km of owned or leased fibre under long-term right of use arrangements, nearly 15,000km of international submarine cables, and close to 20,000 connected buildings. The agreement includes TPG’s fibre network infrastructure, EG&W fixed customer base, IT assets, international submarine cables, and Vision Network’s wholesale residential broadband business.
TPG will retain its mobile radio network infrastructure, Consumer and EG&W mobile business, and its Consumer and small office/home office commercial fixed business.
Jarrod Nink, Interim Chief Executive Officer at Vocus said: “This agreement is transformative for Vocus and is an important step towards creating a more competitive landscape for the Australian telecommunications industry.
“Digital infrastructure is the foundation of the modern economy, driving growth and innovation, and opening new markets and opportunities. Investment and competition in our industry is critical for Australia’s future and the combined strengths and resources of Vocus and TPG in the EG&W sector will create immediate and lasting benefits for our customers, employees and shareholders,” he said.
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