TPG Telecom Limited ( (AU:TPG) ) has shared an announcement.
TPG Telecom Limited has received clearance from the Australian Competition and Consumer Commission (ACCC) for the sale of its fibre network infrastructure and fixed operations to Vocus Group Limited for $5.25 billion. This transaction is a strategic move to simplify TPG’s business operations and streamline its cost structure, pending further approvals from the Foreign Investment Review Board and US regulators.
More about TPG Telecom Limited
TPG Telecom Limited operates in the telecommunications industry, offering a range of services including mobile and fixed broadband, voice, and data solutions. The company focuses on providing telecommunications services to consumers, businesses, and government entities in Australia.
YTD Price Performance: 4.67%
Average Trading Volume: 100
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $5.39B
See more insights into TPG stock on TipRanks’ Stock Analysis page.
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