TPG Telecom forms $1 billion partnership with Vodafone

Company News

TPG Telecom Limited (ASX:TPM) has formed a $1 billion partnership with Vodafone Hutchison Australia, the result of two commercial agreements.
 
As part of the first agreement, TPG will provide Dark Fibre and network services to more than 3,000 Vodafone Australia sites over a 15 year term.
 
Meanwhile the two telecommunications companies have also announced a Mobile Virtual Network Operator arrangement.
 
Under the deal, TPG will migrate its mobile wholesale customer base to the Vodafone network.
 
TPG Telecom announced a net profit of $224.1 million for the year to 31 July 2015.

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