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The latest update is out from TPG Telecom Limited ( (AU:TPG) ).
TPG Telecom Limited has received approval from the Foreign Investment Review Board (FIRB) for the sale of its fibre network infrastructure and Enterprise, Government, and Wholesale (EGW) fixed operations to Vocus Group Limited. This transaction, valued at $5,250 million, will provide TPG with net cash proceeds of approximately $4,650 to $4,750 million, pending the satisfaction of remaining conditions such as an internal restructure. The approval marks a significant step in TPG’s strategic repositioning and could impact its operational focus and market strategy.
The most recent analyst rating on (AU:TPG) stock is a Sell with a A$4.30 price target. To see the full list of analyst forecasts on TPG Telecom Limited stock, see the AU:TPG Stock Forecast page.
More about TPG Telecom Limited
TPG Telecom Limited is a telecommunications company that provides a range of services including mobile, internet, and fixed-line services. The company focuses on serving enterprise, government, and wholesale markets.
YTD Price Performance: 21.62%
Average Trading Volume: 1,124,268
Technical Sentiment Signal: Buy
Current Market Cap: A$9.95B
For an in-depth examination of TPG stock, go to TipRanks’ Overview page.