Just 14 months ago, TPG and Optus apparently hated each other’s guts. But their new regional mobile networking sharing deal shows commercial logic has prevailed.
Just 14 months ago, as TPG vigorously pursued a mobile regional network sharing deal with Telstra, it
And so low and behold, TPG and Optus have put down their guns and found an arrangement that works for both parties: an 11-year deal under which TPG will pay $1.17 billion to access Optus’ regional network. TPG gets to double its geographic coverage of the country without having to build its own network, while Optus can use TPG’s payments to speed up its deployment of 5G across regional areas.
With its shares struggling along near all-time lows, TPG also needed a win. Boosting its coverage in regional areas, at a cost it estimates is two-thirds cheaper than if it was required to build the network itself, instantly puts it on a better footing to fight Telstra and its new friends at Optus.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Optus, TPG sign billion-dollar deal in rural swipe at TelstraThe rival telcos will share their networks across country Australia, providing a viable alternative to the market leader.
Read more »
Optus, TPG sign billion-dollar deal in rural swipe at TelstraThe rival telcos will share their networks across country Australia, providing a viable alternative to the market leader.
Read more »
Optus, TPG sign billion-dollar deal in rural swipe at TelstraThe rival telcos will share their networks across country Australia, providing a viable alternative to the market leader.
Read more »
TPG Telecom, Optus strike $1.6b regional phone network dealTPG and Optus will compete more aggressively with Telstra for mobile phone and internet customers after teaming up to expand services in regional Australia.
Read more »
TPG, iiNet email accounts bounce to Philippines, Norway after The Messaging Company dealUsers of TPG Telecom and iiNet email have to deal with a call centre and a parent company in the northern hemisphere after their accounts were handed over to The Messaging Company.
Read more »
Optus customer in $10,000 fraud attack forced to leave telco altogether after second breachAndrew Ryder was recovering from a $10,000 fraud attack when his Optus account was hacked a second time.
Read more »