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The Guardian - AU
The Guardian - AU
Business
Josh Taylor

Optus announces $1.6bn network sharing deal with rival TPG

Optus shop in Sydney
TPG is expected to pay Optus close to $1.6bn over the course of the 11-year network sharing deal, with Optus paying TPG $420m for the spectrum access. Photograph: Reuters

Optus has announced a $1.6bn network sharing agreement with its rival TPG after lobbying against a similar deal between TPG and Telstra, which was kiboshed by the competition tribunal last year.

The Singtel-owned company and Vodafone’s parent company said on Monday the agreement will see TPG more than double its 4G coverage to 1,000,000 sq km and reach 98.4% of the population.

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