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BRIEF-TPG Telecom Announces Network Sharing Agreement With Optus

Reuters SG

April 29 (Reuters) - TPG Telecom Ltd:

* TPG TELECOM AND OPTUS SIGN NETWORK SHARING AGREEMENT

* TPG TELECOM WILL GAIN ACCESS TO 2,444 OPTUS MOBILE NETWORK SITES IN REGIONAL AUSTRALIA

* UNDER DEAL, OPTUS TO PROVIDE CO WITH ACCESS TO ITS REGIONAL RADIO ACCESS NETWORK & THEY WILL SHARE SPECTRUM IN REGIONAL AUSTRALIA

* OPTUS WILL LICENCE SOME OF TPG’S SPECTRUM FOR USE IN THE MOCN

* OPTUS AND TPG WILL OPERATE THEIR OWN CORE NETWORKS

* NON-EXCLUSIVE MOCN AGREEMENT HAS AN INITIAL TERM OF 11 YEARS Further company coverage: