Shares of Australia’s TPG Telecom (ASX:TPG) have depreciated by 2.9% so far, indicating a possible harsh week ahead, a first since June 30, provided losses sustain.

The soft dip in TPG’s performance on Wednesday was because of the expiration of a distinct due diligence period offered to Vocus Group which supported Macquarie for a A$6.3 billion non-mobile fiber assets bid.

Currently, the TPG stock is down by 0.5% at A$5.285.

From where it stood at the end of the last closing, TPG’s stock is down by 8.6%.

The TPG Telecom (ASX:TPG) is a leading telecom and IT service provider in Australia, offering a broad range of communication and IT solutions for residential users, SMEs and large corporations.