Report
Brian Han
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TPG Telecom Trying to Go Around NBN Any Which Way It Can

TPG Telecom is the latest telecom player to join the public chorus, denouncing National Broadband Network's, or NBN's, uneconomic pricing model and threatening to cease selling the NBN AUD 60 per month basic entry plan. The 5% (AUD 12 million) fall in fiscal 2019 first-half consumer EBITDA to AUD 243 million shows why, and could have been a lot worse had cost efficiency not been realised to drive down overhead by 9% (AUD 13 million).
This was more than offset by the 15% (AUD 24 million) rise in ...
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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