Latest news with #Vocus
Time of India
07-07-2025
- Business
- Time of India
Australian telco Vocus receives government nod for TPG Telecom deal
Australia's TPG Telecom said on Monday that Macquarie-backed Vocus Group has secured the final approval for its A$5.25 billion ($3.42 billion) acquisition of TPG's enterprise, government and wholesale fixed-line and fibre assets. The deal, first announced in 2024, received approval from Australia's competition regulator in March, positioning Vocus as one of the country's largest owners of underground fibre infrastructure. The acquisition will allow Vocus to connect nearly 20,000 buildings across Australia. Monday's clearance from the Foreign Investment Review Board marked the final regulatory approval needed for the transaction to proceed, TPG said in a statement. Shares of TPG Telecom ended flat, while the broader ASX 200 index closed 0.2% lower.
The Star
07-07-2025
- Business
- The Star
Australian telco Vocus receives government nod for TPG Telecom deal
The corporate logo of communications company Vocus is photographed at their Sydney headquarters, Australia, August 22, 2017. REUTERS/Jason Reed/File Photo (Reuters) -Australia's TPG Telecom said on Monday that Macquarie-backed Vocus Group has secured the final approval for its A$5.25 billion ($3.42 billion) acquisition of TPG's enterprise, government and wholesale fixed-line and fibre assets. The deal, first announced in 2024, received approval from Australia's competition regulator in March, positioning Vocus as one of the country's largest owners of underground fibre infrastructure. The acquisition will allow Vocus to connect nearly 20,000 buildings across Australia. Monday's clearance from the Foreign Investment Review Board marked the final regulatory approval needed for the transaction to proceed, TPG said in a statement. Shares of TPG Telecom ended flat, while the broader ASX 200 index closed 0.2% lower. ($1 = 1.5361 Australian dollars) (Reporting by Rajasik Mukherjee; Editing by Nivedita Bhattacharjee)
New Straits Times
07-07-2025
- Business
- New Straits Times
Australian telco Vocus receives government nod for TPG Telecom deal
SYDNEY: Australia's TPG Telecom said on Monday that Macquarie-backed Vocus Group has secured the final approval for its A$5.25 billion (US$3.42 billion) acquisition of TPG's enterprise, government and wholesale fixed-line and fibre assets. The deal, first announced in 2024, received approval from Australia's competition regulator in March, positioning Vocus as one of the country's largest owners of underground fibre infrastructure. The acquisition will allow Vocus to connect nearly 20,000 buildings across Australia. Monday's clearance from the Foreign Investment Review Board marked the final regulatory approval needed for the transaction to proceed, TPG said in a statement. Shares of TPG Telecom ended flat, while the broader ASX 200 index closed 0.2 per cent lower.
Yahoo
07-07-2025
- Business
- Yahoo
Australian telco Vocus receives government nod for TPG Telecom deal
(Reuters) -Australia's TPG Telecom said on Monday that Macquarie-backed Vocus Group has secured the final approval for its A$5.25 billion ($3.42 billion) acquisition of TPG's enterprise, government and wholesale fixed-line and fibre assets. The deal, first announced in 2024, received approval from Australia's competition regulator in March, positioning Vocus as one of the country's largest owners of underground fibre infrastructure. The acquisition will allow Vocus to connect nearly 20,000 buildings across Australia. Monday's clearance from the Foreign Investment Review Board marked the final regulatory approval needed for the transaction to proceed, TPG said in a statement. Shares of TPG Telecom ended flat, while the broader ASX 200 index closed 0.2% lower. ($1 = 1.5361 Australian dollars)
Business Insider
11-06-2025
- Business
- Business Insider
Telesat, Vocus to build Telesat Lightspeed Low Earth Orbit Laning Station
Vocus and Telesat (TSAT) announced that Vocus will build Australia's first Telesat Lightspeed Low Earth Orbit Landing Station. Vocus will construct and operate the new Landing Station in New South Wales, Australia and provide fiber connectivity to Telesat's point of presence, connecting Telesat's advanced LEO satellite constellation, called Telesat Lightspeed, to terrestrial networks, providing secure, low-latency satellite services across the region. Confident Investing Starts Here:
