News: TPG Telecom Ltd (TPM.AX)

TPM.AX on Australia Stock Exchange

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Wed, May 6 2015

Australian Web provider iiNet yields to TPG Telecom sweetened $1.2 billion approach

SYDNEY - Australian Internet provider iiNet Ltd accepted a sweetened A$1.56 billion ($1.2 billion) takeover proposal from larger rival TPG Telecom Ltd , sidelining rival bidder M2 Group Ltd and paving the way for it to become the industry's second largest firm.

UPDATE 2-Australian Web provider iiNet yields to TPG Telecom sweetened $1.2 bln approach

* M2 can still raise its indicative bid (Recasts, adds iiNet quotes, updates shares)

Australia's TPG raises bid for iiNet to A$1.56bln

SYDNEY, May 6 - TPG Telecom Ltd, an Australian internet provider controlled by Malaysian-born billionaire David Teoh, has sweetened its approach for rival iiNet Ltd to at least A$1.56 billion ($1.24 billion), battling an offer from rival M2 Group Ltd.

Australian ISP iiNet submits to bidding war as two rivals compete

SYDNEY - Australian telecommunications firm iiNet Ltd gave prospective buyer TPG Telecom Ltd three days to lift an indicative takeover bid after another rival, M2 Group Ltd, launched a A$1.6 billion ($1.28 billion) counteroffer.

Australia internet provider iiNet could face $1 billion bidding war

SYDNEY - Australian telecommunications firm M2 Group Ltd said it proposed to buy Internet service provider iiNet Ltd for A$1.6 billion ($1.3 billion), trumping an approach by rival TPG Telecom Ltd and raising the prospect of a bidding war.

UPDATE 2-Australia internet provider iiNet could face $1 bln bidding war

SYDNEY, April 27 - Australian telecommunications firm M2 Group Ltd said it proposed to buy Internet service provider iiNet Ltd for A$1.6 billion ($1.3 billion), trumping an approach by rival TPG Telecom Ltd and raising the prospect of a bidding war.

Australia's M2 confirms $1.3 bln approach for telco iiNet

SYDNEY, April 27 - Australian telecommunications firm M2 Group Ltd said on Monday it had proposed to buy rival iiNet Ltd for A$1.6 billion ($1.25 billion), topping a bid from TPG Telecom Ltd.

Deals of the day- Mergers and acquisitions

March 13 - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

Australia's TPG Telecom to buy rival iiNet for $1.1 billion

SYDNEY - Australia's TPG Telecom Ltd on Friday said it will buy domestic Internet services provider iiNet for A$1.4 billion ($1.1 billion), in a deal that could provoke a counter offer from larger rival Optus.

UPDATE 2-Australia's TPG Telecom to buy rival iiNet for $1.1 bln

* iiNet, TPG shares hit record highs (Adds analyst's comments, share reaction)

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