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Vocus owners sign up co-investor in $6b-plus tilt for TPG’s fibre

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Macquarie Asset Management and Aware Super are among Australia’s biggest infrastructure investors. But a $6 billion-plus acquisition is a monster deal by any measure, and one that requires partners.

That’s why Macquarie and Aware have roped in a deep-pocketed investor to join their bid for TPG Telecom’s fibre network, which stretches 27,000 kilometres and makes about $550 million in annual earnings.

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/vocus-owners-sign-up-co-investor-in-6b-plus-tilt-for-tpg-s-fibre-20240924-p5kd28