TPM.AX - TPG Telecom Limited

ASX - ASX Delayed Price. Currency in AUD
6.72
+0.01 (+0.15%)
At close: 4:11PM AEDT
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Previous Close6.71
Open6.68
Bid6.71 x N/A
Ask6.19 x N/A
Day's Range6.63 - 6.74
52 Week Range5.94 - 7.36
Volume545,987
Avg. Volume795,300
Market Cap6.2B
Beta (5Y Monthly)0.33
PE Ratio (TTM)35.94
EPS (TTM)0.19
Earnings DateSep 5, 2019
Forward Dividend & Yield0.04 (0.60%)
Ex-Dividend Date2019-10-14
1y Target Est7.34
  • Thomson Reuters StreetEvents

    Edited Transcript of TPM.AX earnings conference call or presentation 4-Sep-19 11:00pm GMT

    Full Year 2019 TPG Telecom Ltd Earnings Call

  • Australian watchdog hurt competition by barring Vodafone, TPG merger: telcos
    Reuters

    Australian watchdog hurt competition by barring Vodafone, TPG merger: telcos

    Australia's antitrust regulator has hurt competition by blocking a A$15 billion ($10 billion) merger between the nation's third- and fourth-largest telecoms providers, the companies said in court on Tuesday as their legal appeal got underway. The Australian Competition and Consumer Commission (ACCC) opposed in May a combination of TPG Telecom Ltd and the local joint venture of Britain's Vodafone Group PLC on the grounds it would eliminate a potential fourth mobile network competitor. A coming together of the companies would actually encourage competition but "the pro-competitive effects of this merger are imperiled by the ACCC's opposition to it", Vodafone lawyer Peter Brereton said.

  • Thomson Reuters StreetEvents

    Edited Transcript of TPM.AX earnings conference call or presentation 18-Mar-19 10:00pm GMT

    Half Year 2019 TPG Telecom Ltd Earnings Call

  • Reuters

    UPDATE 2-Sweden's EQT cuts the cord on $2.3 bln offer for Aussie telco Vocus

    Vocus Group Ltd on Tuesday said Swedish private equity firm EQT Infrastructure had withdrawn its A$3.3 billion ($2.30 billion) buyout offer, making it the fourth suitor to drop its bid for the telecoms company in the last two years. "Following an accelerated period of due diligence, EQT has decided not to proceed with the transaction outlined in the indicative proposal," Vocus said in a statement.

  • Reuters

    Australia's TPG Telecom challenges block on $10 billion merger with Vodafone joint venture

    The Australian Competition and Consumer Commission (ACCC) blocked the A$15 billion (8 billion pounds) merger earlier this month, citing competition concerns. The deal was to combine Australia's third and fourth-largest telcos to create a big player boasting TPG's fibre network and Vodafone's mobile system. The parties will seek orders to quicken the proceedings, TPG said in a statement on Friday.

  • Reuters

    Australia regulator blames website flaw for early reveal of TPG-Vodafone decision

    Australia's anti-trust regulator apologised "unreservedly" for publishing confidential information about its decision to block a $10 billion merger of TPG Telecom and Vodafone's Australian joint venture, blaming a flaw in its website. The Australian Competition and Consumer Commission's (ACCC) decision to reject the deal was uploaded to its website an hour before the market closed on May 8, catching investors unawares as they were expecting a decision on the next day. "We apologise unreservedly for this unfortunate and serious incident," ACCC Chief Operating Officer Rayne de Gruchy said.

  • Reuters

    Australia TPG's fate tied to courts after watchdog scuppers $10 billion phone deal

    Australian internet firm TPG Telecom Ltd's best bet to recover from the serious blow dealt by regulators who blocked its $10 billion merger bid with a rival lies with the courts, with analysts doubting any alternative plans can succeed. The nation's anti-trust regulator blocked the A$15 billion (8 billion pounds) merger of TPG and a local venture of Britain's Vodafone Group Plc on Wednesday citing competition concerns, sending TPG's shares tumbling as investors worried about its future growth. TPG and the Vodafone venture said they will challenge the decision of the Australian Competition and Consumer Commission (ACCC) in federal court and gave themselves time until end-August next year to complete the deal.

  • Reuters

    Anti-trust watchdog blocks 8.4 billion pounds merger of Vodafone's Australian business with TPG Telecom

    Australia's anti-trust regulator blocked a A$15 billion (8.4 billion pounds) merger between TPG Telecom and Vodafone's Australian joint venture on competition grounds on Wednesday, knocking shares in the firms involved. The Australian Competition and Consumer Commission's (ACCC)rejection of a deal between Australia's third and fourth-largest telcos - accidentally uploaded earlier than expected - unravelled the prospect of combining TPG's fibre and Vodafone's mobile networks. Vodafone mainly runs a mobile phone business in a joint venture with Hutchison Telecommunications (Australia) Ltd, but has struggled with reliability, while TPG largely has an internet business with a low-cost reputation.

  • Anti-trust watchdog blocks $11 billion merger of Vodafone's Australian business with TPG Telecom
    Reuters

    Anti-trust watchdog blocks $11 billion merger of Vodafone's Australian business with TPG Telecom

    Australia's anti-trust regulator blocked a A$15 billion ($11 billion) merger between TPG Telecom and Vodafone's Australian joint venture on competition grounds on Wednesday, knocking shares in the firms involved. The Australian Competition and Consumer Commission's (ACCC)rejection of a deal between Australia's third and fourth-largest telcos - accidentally uploaded earlier than expected - unraveled the prospect of combining TPG's fiber and Vodafone's mobile networks. Vodafone mainly runs a mobile phone business in a joint venture with Hutchison Telecommunications (Australia) Ltd, but has struggled with reliability, while TPG largely has an internet business with a low-cost reputation.

  • Reuters

    Australia regulator: Vodafone-TPG merger would cut competition

    Australia's competition regulator on Wednesday said it opposed the proposed merger between TPG Telecom Ltd and Vodafone Group's Australian unit because it would reduce competition, particularly in mobile ...

  • Vodafone's $7.7 Billion Australia Merger Blocked by Regulator
    Bloomberg

    Vodafone's $7.7 Billion Australia Merger Blocked by Regulator

    The proposal would “substantially lessen competition” for mobile-phone services in an already concentrated market, the Australian Competition and Consumer Commission said in a statement Wednesday. TPG is Australia’s best -- and probably the last -- chance to gain a new cellular network operator, ACCC Chairman Rod Sims said in the statement.

  • Reuters

    Vodafone-TPG merger would cut competition - Australia regulator

    SYDNEY (Reuters) - Australia's competition regulator on Wednesday said it opposed the proposed merger between TPG Telecom Ltd and Vodafone Group's Australian unit because it would reduce competition, particularly ...

  • Australia's TPG to take $163 million in writedowns after halts Huawei-supplied mobile network
    Reuters

    Australia's TPG to take $163 million in writedowns after halts Huawei-supplied mobile network

    TPG said last month it had abandoned construction of the network because it relied on equipment from China's Huawei that has been banned by Australia's government on security grounds. TPG, which is awaiting regulatory approval for a proposed merger with the Australian arm of Britain's Vodafone Group PLC, said it will reduce the value of its spectrum licenses by A$92 million. It will also reduce the value of its mobile network assets by A$76 million, and take other writedowns to the value of A$60 million.

  • Reuters

    Sequoia-backed Singapore telco Circles.Life to invest over $250 million in overseas push

    Sequoia-backed Singaporean mobile services provider Circles.Life said on Thursday it plans to invest more than $250 million to roll out services in over five countries, including Taiwan and Australia, in the next 18 months. Singapore's telecom market is set for a shakeup this year as a new player TPG Telecom is preparing to launch services. Last year, conglomerate Keppel Corp and Singapore Press Holdings offered to buy a majority control of mobile operator M1 Ltd.

  • Reuters

    Australia's TPG Telecom dumps Huawei-supplied mobile network citing government ban

    Australia's TPG Telecom Ltd said on Tuesday it has abandoned building its mobile telephone network because it relied on Huawei Technologies Co Ltd equipment that has been banned by Australia's government on security grounds. The nascent network is the first commercial casualty in Australia of the ban announced in August and comes as Western nations restrict market access to Huawei over allegations that China could use its equipment for espionage. Huawei denies the allegations.

  • Australia's TPG abandons mobile network plan over Huawei ban
    Associated Press

    Australia's TPG abandons mobile network plan over Huawei ban

    CANBERRA, Australia (AP) — Australian company TPG Telecom said on Tuesday it had abandoned the rollout of what would have been the country's fourth mobile network because of a ban on Chinese giant Huawei, which would have been the main equipment vendor.