Report
Brian Han
EUR 98.48 For Business Accounts Only

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

We put our fair value estimate for Vocus under review.
This follows the unveiling of TPG Telecom’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. It is a decision that will have a significant impact, not only on the domestic mobile market, but also the consumer broadband market—a segment that Vocus competes in. This is due to the likelihood of TPG Telecom more aggressively bundling...
Underlying
Vocus Group Limited

Vocus Group is a telecommunications provider, providing telecommunications and other services to customers across Australia and New Zealand.

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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