Feb 20, 2013 (The Australian - ABIX via COMTEX) --
Shares in TPG Telecom fell by 9.4 per cent on 20 February 2013 to $A2.51. This followed the announcement that it had missed out on buying 70 per cent of Leighton Holdings' telecommunications assets, which include Infoplex and NextGen Networks. Instead, the Ontario Teachers' Pension Plan was announced as the preferred bidder for the assets. The $A117 billion fund is expected to pay around $A620 million.