TPG Telecom's Punctured Mobile Dream a Blessing in Disguise
We increase our fair value estimate on TPG Telecom by 15% to AUD 7.00 per share, following the decision to abandon the Australian mobile network rollout. The uplift reflects the financial impact of the AUD 704 million savings on the balance owing on the 700MHz spectrum acquired in April 2017 and the elimination of assumed AUD 100 million in operating losses and AUD 670 million future capital expenditure associated with the venture.Critically, the bursting of the narrow-moat rated group's aspira...
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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