Report
Brian Han
EUR 100.00 For Business Accounts Only

TPG Telecom's Stand-Alone Fundamentals Unchanged; Market Assuming TPG Won't Stand Alone

The 1% lift in TPG Telecom's fiscal 2018 normalised EBITDA to AUD 841 million was in line with management's guidance provided less than three weeks ago, with key performance indicators broadly in line with our expectations. Management's operating prowess was again evident, as the AUD 61 million fall in aggregate NBN-inflicted earnings and AUD 5 million in higher electricity costs were more than offset by continuing efficiency gains and a 6% rise in the corporate division's EBITDA to AUD 330 mill...
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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