Australia's TPG Telecom ends $4b fibre sale talks with Vocus

Australia's TPG Telecom ends $4b fibre sale talks with Vocus

FILE PHOTO: The corporate logo of communications company Vocus is photographed at their Sydney headquarters, Australia, August 22, 2017. REUTERS/Jason Reed/File Photo

Australia’s TPG Telecom Ltd said on Monday it had ended discussions with Macquarie-backed rival Vocus Group for the sale of some of its non-mobile fibre assets for about A$6.3 billion ($4.00 billion) as the parties failed to agree commercial terms.