Report
Brian Han
EUR 98.48 For Business Accounts Only

TPG Announces Plans to Enter Australian Mobile Arena; Putting FVE Under Review

We put our fair value estimate for TPG Telecom under review.
This follows the unveiling of the group’s intention to become the fourth mobile network operator in Australia, after winning 2x10MHz of spectrum in the recent 700MHz spectrum auction for AUD 1.26 billion. The financial burden extends beyond the spectrum purchase outlay, but will also involve shelling out AUD 600 million in capital expenditure to roll out the network, not to mention the operating losses likely to be suffered before the ...
Underlying
TPG Telecom Limited

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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.

We have operations in 27 countries.

Analysts
Brian Han

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