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Broadband

Court clears TPG's takeover of Pipe Networks

Wednesday 17 March 2010 | 23:59 CET | News
Australian network company Pipe Networks has been cleared to finalise the takeover by TPG Telecom. Queensland's supreme court has approved the scheme and shareholders already approved the deal earlier this month. Pipe has suspended its shares from the Australian Stock Exchange and expects the transfer of shares to finalise on 31 March. TPG offered AUD 6.30 per outstanding share, which valued Pipe Networks at AUD 373 million in total.

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Categories: Fixed
Companies: PIPE Networks / TPG
Countries: Australia
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