TPG Telecom Limited (ASX:TPG) entered into an agreement to acquire additional 5G spectrum holdings in the 3.6 GHz band of Dense Air Limited on August 2, 2021. Completion of the transaction will increase TPG Telecom Limited’s 3.6 GHz spectrum holdings from 60 MHz to 90 MHz in Adelaide and 95 MHz in Brisbane, Perth and Canberra. In Sydney and Melbourne, TPG Telecom Limited will acquire 5 MHz of 3.6 GHz spectrum, increasing its holdings to 65 MHz after the transaction. Separate agreements were also signed for the 2.6GHz spectrum band licenses. The agreements for both the 3.6 GHz spectrum transaction and the 2.6 GHz spectrum transaction are subject to conditions precedent, including that the two transactions are completed concurrently, and receive approval by the Australian Competition and Consumer Commission. Following satisfaction of the conditions, the transactions are expected to complete in September 2021.