Aug 1 (Reuters) - TPG Telecom Ltd (TPG) : TPG TELECOM RESPONSE...

Aug 1 (Reuters) - TPG Telecom Ltd (TPG) :

• TPG TELECOM RESPONSE TO MEDIA ARTICLE
• REFERS TO AN ARTICLE IN RELATION TO POTENTIAL SALE BY TPG OF ITS NON-MOBILE FIBRE ASSETS TO VOCUS GROUP
• VOCUS GROUP MADE AN INDICATIVE, HIGHLY CONDITIONAL, NON-BINDING OFFER TO ACQUIRE CERTAIN OF TPG'S ENTERPRISE, GOVERNMENT AND WHOLESALE ASSETS AND ASSOCIATED FIXED INFRASTRUCTURE ASSETS
• DISCUSSIONS BETWEEN PARTIES REMAIN INCOMPLETE AND TRANSACTION TERMS ARE SUBJECT TO ONGOING NEGOTIATION
• GRANTED VOCUS GROUP A PERIOD OF EXCLUSIVE DUE DILIGENCE, CURRENTLY SET TO EXPIRE ON 6 SEPTEMBER 2023
• INDICATIVE, HIGHLY CONDITIONAL, NON-BINDING OFFER FROM VOCUS FOR APPROXIMATELY A$6.3 BILLION
• IS NO CERTAINTY AN AGREED TRANSACTION WILL EVENTUATE

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