<p>-
- Australian telco Vocus receives government nod for TPG Telecom deal</p>
<p>July 7, 2025 at 1:25 AM</p>
<p>(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.</p>
<p>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.</p>
<p>The acquisition will allow Vocus to connect nearly 20,000 buildings across Australia.</p>
<p>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.</p>
<p>Shares of TPG Telecom ended flat, while the broader ASX 200 index closed 0.2% lower.</p>
<p>($1 = 1.5361 Australian dollars)</p>
<p>(Reporting by Rajasik Mukherjee; Editing by Nivedita Bhattacharjee)</p>
<a href="https://ift.tt/4C7TyKi" class="dirlink-1">Orign Aricle on Source</a>
Source: AOL Money
Source: AsherMag
Full Article on Source: Astro Blog
#LALifestyle #USCelebrities