** Shares of Australia's TPG Telecom TPG.AX gain 3.3% to A$4.7

** Australia's competition regulator clears deal to sell its enterprise, government and wholesale fixed business and fibre network assets to Macquarie-backed MQG.AX Vocus

** Regulator reviews deal and finds that it won't impact local market competition

** Shares hit their highest point since February 28

** TPG Telecom stock up 4.2%, YTD

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))