Optus reveals a $1.6 billion network-sharing agreement with competitor TPG.

Optus has announced a $1.6 billion network-sharing agreement with its rival TPG, following its previous opposition to a similar deal between TPG and Telstra, which was blocked by the competition tribunal last year.

Under this agreement, the Singtel-owned company and Vodafone’s parent company revealed on Monday that TPG’s 4G coverage will more than double to 1,000,000 square kilometers, reaching 98.4% of the population.

This multi-operator core network agreement, subject to approval by the Australian Competition and Consumer Commission, will also grant Optus access to some of TPG’s spectrum.