Telecom Results To-Date a Sign of Things to Come for TPG Telecom; FVE Cut to AUD 6.00
We cut our fair value estimate on TPG Telecom by 9% to AUD 6.00, ahead of its fiscal 2017 results release on Sept. 19. Recent reports from Telstra and Vocus show escalating competitive intensity in consumer broadband and corporate markets. This trend is not only likely to be reflected in TPG's upcoming result, but spells risks for its longer-term margins.Telstra's fixed-line broadband unit suffered a 22% slump in fiscal 2017 EBITDA, with margins falling to 31%, from 41%. Earnings and margins fr...
TPG Telecom is a telecommunications company based in Australia. Co. has three operating segments: Consumer, which provides retail telecommunications services to residential and small business customers; Corporate, which provides telecommunications services to corporate, government, and wholesale customers; and iiNet, which provides telecommunications and technology services to residential and business customers.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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