Australia's TPG Telecom said on Wednesday the exclusive due diligence period granted to Macquarie-backed rival Vocus Group for the A$6.3 billion sale of its non-mobile fiber assets has expired.Discussions between the parties for the commercial terms of the deal remain ongoing, with the consideration subje
Australia's TPG Telecom said on Wednesday the exclusive due diligence period granted to Macquarie-backed rival Vocus Group for the A$6.3 billion sale of its non-mobile fiber assets has expired.
Discussions between the parties for the commercial terms of the deal remain ongoing, with the consideration subjected to change, TPG said in a statement.The bid, made in August, includes TPG's non-mobile fibre assets such as certain Enterprise, Government and Wholesale assets and associated fixed infrastructure assets, including the wholesale broadband business, Vision Network.
A successful deal would create a combined entity with A$8 billion to A$9 billion enterprise valuation.