In October, Vocus signed an agreement to acquire the enterprise, government and wholesale (EG&W) fixed business and fibre network assets of Australia's third largest telecoms operator TPG for A$5.25 billion.

Under the agreement Vocus would acquire TPG’s fixed line business, enterprise, government, and wholesale customer base as well as its fibre and transmission networks.

Vocus owns a fibre network, which includes domestic inter-capital transmission and metropolitan fibre infrastructure serving business premises.

TPG is an ASX-listed telecoms company which supplies fixed broadband services to consumers, small and medium sized businesses and enterprise, and government customers, as well as supplying wholesale telecommunication services.

The assets that Vocus is proposing to acquire from TPG include the following:

TPG’s fibre network, including metropolitan, domestic, inter-capital and international subsea cable systems, and data centres that are primarily used for business, enterprise, government, wholesale and SME.

Vision Network, a fixed line broadband network that provides residential broadband access services in selected areas of Sydney, Canberra, Perth, Adelaide, Brisbane, Melbourne, as well as Geelong, Ballarat and Mildura.

TPG fixed line fibre and fixed line network services to wholesale, enterprise and government customers under the TPG Telecom and AAPT brands.

However, TPG will retain its mobile network and its active residential fixed line assets (other than fibre and transmission network assets).

The ACCC has invited submissions from interested parties regarding the Proposed Acquisition by 5pm on 2 December 2024.