Macquarie-backed Vocus Group has secured final regulatory approval for its A$5.25 billion ($3.42 billion) acquisition of TPG Telecom’s enterprise, government, and wholesale fixed-line and fibre assets.
The deal, first announced in 2024, received clearance from the Australian Competition and Consumer Commission in March and has now obtained the green light from the Foreign Investment Review Board, paving the way for completion.
The strategic acquisition significantly enhances Vocus’ position in the Australian telecom market, transforming it into one of the country’s largest owners of underground fibre infrastructure.
This clearance marks the last major regulatory hurdle, with the transaction now expected to close by year-end. Once completed, the deal will establish Vocus as a key digital infrastructure operator in Australia, with a broad and integrated network spanning subsea, metropolitan, intercapital, and regional fibre assets.
With the deal, Vocus will gain access to nearly 20,000 buildings nationwide, strengthening its fibre footprint and bolstering its capabilities in servicing enterprise and government customers.
