The Australian Competition and Consumer Commission (ACCC) on Thursday gave its approval to TPG Telecom's arrangement with Singapore Telecommunications-owned Optus to share regional networks.
TPG Telecom has received a green light from Australia's competition watchdog for an AU$1.59 billion infrastructure and network sharing deal with Optus as TPG seeks to expand its reach.The Australian Competition and Consumer Commission on Thursday gave its approval to TPG Telecom's arrangement with Singapore Telecommunications-owned Optus to share regional networks.The regulator had earlier blocked a similar deal between TPG and rival telecom firm Telstra.
TPG Telecom expects to pay Optus total service fees of around AU$1.59 billion over the 11-year term of the deal, it had said while announcing the arrangement in April.'The ACCC clearly took a brighter view of this deal compared to the ill-fated TPG-Telstra proposal,' said Tim Waterer, market analyst at KCM Trade.'The regulatory body sees the deal as a win for consumers, with those in rural areas likely to benefit from greater coverage.
Telecom-Optus Network Sharing Deal Gets Competition Tribunal Nod
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