Vocus completes acquisition of TPG Telecom’s Enterprise, Government and Wholesale fixed business and associated fibre assets for A$5.25bn

• Investment transforms the competitive landscape in Australia, bringing together Vocus’ extensive inter-capital and regional fibre infrastructure with TPG Telecom’s complementary metropolitan fibre footprint to drive competition in the sector
  
  
• Positions Vocus as a key digital infrastructure challenger serving the Enterprise, Government, and Wholesale sector, with breadth and scale to deliver mission critical products and services to customers

Vocus and its shareholders (Macquarie Asset Management (MAM) and Aware Super) today completed its acquisition of TPG Telecom's (TPG) fibre assets and Enterprise, Government and Wholesale business for an enterprise value of A$5.25 billion, creating a key digital infrastructure challenger that will drive competition and benefit customers.

This investment combines Vocus’ existing footprint across Australia with TPG’s entire fibre network infrastructure, enterprise and government fixed customer base, international submarine cables, and Vision Network’s wholesale residential broadband business.

Andrés Irlando, Chief Executive Officer at Vocus said: “With digital infrastructure driving the modern economy, growth and innovation, this investment gives Vocus the scale and reach to deliver a better and broader suite of products and services, increasing competition in a sector which is critical for Australia’s future.

"Completion of this acquisition also affirms and strengthens Vocus’ role as a key digital infrastructure operator in Australia, serving the Enterprise, Government, and Wholesale sector. Customers are the biggest winners in this deal.”

Ani Satchcroft, Co-Head of Infrastructure for Asia Pacific at MAM said: “This is a transformative moment for Vocus and customers, creating greater coverage for its fibre networks in Australia. Working through the separation of the TPG assets and planning their integration into the Vocus network has been detailed and complex. MAM has been able to leverage its deep digital expertise to help take Vocus’ network capability and customer proposition to the next level.”

Vocus will now operate more than 50,000km of owned fibre, nearly 15,000km of global submarine cables and close to 20,000 connected buildings. This includes Vision Network’s wholesale residential broadband reach, with assets in major capital cities; Canberra, Ballarat, Mildura, and Geelong; supporting Vocus’ growing consumer and NBN wholesale business.

Beyond the expanded terrestrial fibre network, Vocus has added the PPC-1 submarine cable from Sydney to Guam, providing connectivity into the US, to a growing network of submarine cables spanning nearly 15,000km that today includes the Australia Singapore Cable, North-West Cable system and Darwin-Jakarta-Singapore system.

Mark Hector, Head of Infrastructure at Aware Super said: “This investment marks a significant milestone in Aware Super’s infrastructure strategy to invest in high-quality digital infrastructure platforms that not only deliver enduring value to customers and communities, but strong long-term returns for our 1.2 million members. By supporting this acquisition, we’re helping to create a more competitive and resilient telecommunications landscape to meet the growing demand for scalable connectivity and innovation across Australia.”

Vocus will now commence the integration of teams, network assets, products, and solutions into its systems, which is expected to deliver significant synergies and customer benefits, enhancing operational efficiency and supporting future growth to drive competition in the sector.  

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. Vocus and TPG have also entered a long-term strategic partnership providing TPG with ongoing access to Vocus’ fibre infrastructure, delivering enduring network planning, and access certainty.