Australian competition watchdog begins review of $3.4 billion Vocus-TPG deal By Reuters
(Reuters) – Australia’s competition regulator said on Monday it was seeking comments on Macquarie-backed communications group Vocus’ A$5.25 billion ($3.39 billion) takeover of local telecoms firm TPG. Telecom (BCBA:)’s business, government, and wholesale (EG&W) fixed and fiber network assets.
The Australian Competition and Consumer Commission (ACCC) said it is seeking input from interested parties on the potential impact of pricing and service quality on the provision of fixed-line voice services, data networks and connectivity services, among other questions, if the deal were to receive approval.
TPG Telecom announced the deal in October, saying it would retain its radio network infrastructure, mobile businesses and fixed and wireless customers after Vocus took over its fiber and fixed assets.
The ACCC invited submissions from interested companies about the acquisition on Dec. 2, while providing February 13, 2025 as a tentative date for the announcement of findings from the ongoing review.
TPG Telecom said in an emailed response to Reuters that it was committed to working closely with the ACCC and Vocus “to ensure that this review process is concluded as quickly and efficiently as possible”.
Vocus Group declined to comment.
($1 = 1.5468 Australian dollars)
