Vocus Group Limited agreed to acqiuire Non-Mobile Fibre Assets of TPG from TPG Telecom Limited (ASX:TPG) for AUD6.3 billion on August 1, 2023. The indicative offer is conditional upon a number of matters, including due diligence, debt financing, finalisation of transaction documentation, and approvals of the respective Boards of TPG and Vocus Group. TPG Telecom has extended the exclusive due diligence period with Vocus Group until October 4, 2023.

As on October 4, 2023, exclusive due diligence period granted to Vocus Group in relation to acquisition has expired. Discussions in relation to the commercial terms remain ongoing. BofA acted as the financial advisor to TPG.