(Adds details in paragraphs 2-5)
Oct 4 (Reuters) - Australia's TPG Telecom (TPG) said on Wednesday the exclusive due diligence period granted to Macquarie-backed rival Vocus Group for the A$6.3 billion sale of its non-mobile fiber assets has expired.
Discussions between the parties for the commercial terms of the deal remain ongoing, with the consideration subjected to change, TPG said in a statement.
Vocus did not immediately respond to Reuters' request for a comment.
The bid, made in August, includes TPG's non-mobile fibre assets such as certain Enterprise, Government and Wholesale (EGW) assets and associated fixed infrastructure assets, including the wholesale broadband business, Vision Network.
A successful deal would create a combined entity with A$8 billion to A$9 billion enterprise valuation.
($1 = 1.5873 Australian dollars)
(Adds details in paragraphs 2-5) Oct 4 (Reuters) - Australia's...
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Last
$4.94 |
Change
0.010(0.20%) |
Mkt cap ! $9.185B | |||
| Open | High | Low | Value | Volume |
| $4.92 | $4.96 | $4.90 | $4.708M | 953.8K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4807 | $4.93 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.94 | 22072 | 2 |
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