Vocus has finalized its acquisition of TPG Telecom’s fibre assets and Enterprise, Government, and Wholesale fixed business for an enterprise value of A$5.25 billion. The transaction brings together Vocus’ inter-capital and regional fibre infrastructure with TPG’s metropolitan fibre network, expanding the combined entity’s reach across Australia.
The deal positions Vocus as a significant competitor in the digital infrastructure sector, serving enterprise, government, and wholesale customers with increased scale and capacity. The acquisition includes TPG’s entire fibre network infrastructure, international submarine cables, Vision Network’s wholesale residential broadband business, and an expanded customer base in both enterprise and government segments.
“With digital infrastructure driving the modern economy, growth and innovation, this investment gives Vocus the scale and reach to deliver a better and broader suite of products and services, increasing competition in a sector which is critical for Australia’s future,” said Andrés Irlando, Chief Executive Officer at Vocus. “Completion of this acquisition also affirms and strengthens Vocus’ role as a key digital infrastructure operator in Australia, serving the Enterprise, Government, and Wholesale sector. Customers are the biggest winners in this deal.”
Ani Satchcroft, Co-Head of Infrastructure for Asia Pacific at Macquarie Asset Management (MAM), commented on the complexity of integrating TPG’s assets into Vocus’ operations: “This is a transformative moment for Vocus and customers, creating greater coverage for its fibre networks in Australia. Working through the separation of the TPG assets and planning their integration into the Vocus network has been detailed and complex. MAM has been able to leverage its deep digital expertise to help take Vocus’ network capability and customer proposition to the next level.”
Following completion of the deal—backed by shareholders Macquarie Asset Management (MAM) and Aware Super—Vocus now operates more than 50,000 kilometers of owned fibre across Australia. Its international presence is strengthened by nearly 15,000 kilometers of global submarine cables connecting key routes such as Sydney to Guam via PPC-1 cable as well as other major systems including Australia Singapore Cable.
The expanded footprint includes connections to approximately 20,000 buildings nationwide along with Vision Network's wholesale residential broadband reach in major cities like Canberra, Ballarat, Mildura, and Geelong. This supports continued growth in consumer broadband offerings alongside NBN wholesale services.
Mark Hector from Aware Super highlighted how this move fits into their broader strategy: “This investment marks a significant milestone in Aware Super’s infrastructure strategy to invest in high-quality digital infrastructure platforms that not only deliver enduring value to customers and communities but strong long-term returns for our 1.2 million members. By supporting this acquisition we’re helping create a more competitive telecommunications landscape to meet growing demand for scalable connectivity across Australia.”
Vocus will begin integrating teams as well as network assets from TPG into its systems over coming months—a process expected to generate operational efficiencies while enhancing customer benefits.
TPG will retain its mobile radio network infrastructure along with its Consumer business lines related to mobile services or small office/home office commercial fixed products. As part of ongoing cooperation between both companies they have entered into a long-term strategic partnership allowing TPG continued access to Vocus' extensive fibre infrastructure.