Macquarie is bulking up its fibre network Vocus Group to pitch more aggressively for data-hungry customers after striking a $5.25 billion deal with TPG Telecom to emerge as one of Australia’s biggest owners of underground fibre.
Three years after the home-grown asset manager snared half of Vocus in what was initially a 50-50 partnership with Aware Super, it has finally reached an agreement to buy TPG’s network assets enabling it to connect almost 20,000 buildings around the country.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
