Vocus welcomes Foreign Investment Review Board (FIRB) Clearance for Acquisition of TPG Fibre and Fixed EGW Assets

Vocus welcomes confirmation from the Foreign Investment Review Board (FIRB) that the Australian Commonwealth Government has no objection to the acquisition of TPG Telecom’s fibre network infrastructure assets and Enterprise, Government and Wholesale (EGW) fixed operations under the Foreign Acquisitions and Takeovers Act 1975 (Cth).

This clearance represents the final Australian regulatory approval required for this transaction and we will continue to work towards finalising the remaining conditions precedent. When completed, it will position Vocus as a key digital infrastructure operator in Australia, with an extensive integrated network of high-quality subsea, metropolitan, intercapital and regional fibre with significant breadth and scale.

The transaction is expected to close before the end of the year.