Report
Brian Han
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TPG Telecom is going all out to reduce dependence on the National Broadband Network.

Just 16 months after announcing its intention to disrupt the mobile industry as a new operator, TPG Telecom now plans to tie up with Vodafone, the third-largest player in the space. The sudden impetus to merge is also unexpected given the two companies have been working closely together since 2015, be it TPG building dark fibre for Vodafone, or acting as a Vodafone mobile reseller.
In our view, the abrupt decision to take the relationship to the next level is a tacit recognition of the current ...
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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