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TPG Telecom Ltd (TPM.AX)

TPM.AX on Australia Stock Exchange

6.08AUD
24 May 2017
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Latest Key Developments (Source: Significant Developments)

Fairfax Media receives proposal from Hellman & Friedman to acquire 100% of shares in Co
Wednesday, 17 May 2017 07:04pm EDT 

May 18 (Reuters) - Fairfax Media Ltd ::Received proposal from Hellman & Friedman to acquire 100% of shares in co at a price between $1.225 to $1.250 per share .TPG Consortium and Hellman & Friedman granted due diligence.Fairfax Media to allow TPG Consortium and Hellman & Friedman to conduct due diligence.Proposal assumes no dividends are paid by Fairfax from date of proposal to completion of H&F indicative proposal.During the due diligence period Fairfax intends to continue progressing the announced potential separation of domain group.  Full Article

Fairfax Media receives revised indicative proposal from TPG Consortium
Sunday, 14 May 2017 09:06pm EDT 

May 15 (Reuters) - Fairfax Media Ltd ::Revised indicative proposal from TPG Consortium.Received a revised, indicative, preliminary and non-binding proposal from a consortium including TPG Group (and Ontario teachers' pension plan board.Revised proposal to acquire 100% of shares in Fairfax at a price of $1.20 per share with all consideration being in cash.Fairfax board of directors is reviewing revised indicative proposal.Macquarie Capital and Herbert Smith Freehills are advising Fairfax.  Full Article

TPG Telecom acquires 700MHz spectrum in Australia
Tuesday, 11 Apr 2017 07:34pm EDT 

Tpg Telecom Ltd : 700mhz spectrum acquisition and entitlement offer . tpg telecom acquires 700mhz spectrum in australia . launches $400 million entitlement offer . successfully bid for 2x10mhz of mobile spectrum in 700mhz band at recent auction conducted by Australian Communications and Media Authority . Tpg will build a mobile network in australia using current advanced technology for $1.9 billion . entitlement offer proceeds will be to pay down debt, which will then be drawn as needed . will fund capital expenditure for rollout & spectrum payments over next 3 years through combination of operating cashflows & debt facilities . 700Mhz spectrum licence commences from 1 april 2018 and expires on 31 december 2029 . "it is expected that network rollout will require capital expenditure of $600 million over initial three years starting in 2018 to cover 80% of population." . Tpg estimates that its mobile network would be ebitda break-even with 500k subscribers . reaffirm guidance provided in march 2017 for underlying ebitda for group for full year fy17 to be in range of $820-830 million. . Immediate use of entitlement offer proceeds will be to pay down debt . Intends to implement a DRP commencing for fy17 final dividend. Which is expected to remain in place for next two to three years.  Full Article

TPG Telecom says successfully bid for new spectrum in Singapore
Tuesday, 4 Apr 2017 08:04pm EDT 

TPG Telecom Ltd : Successfully bid for 2 lots of 5mhz of spectrum in 2.5ghz band at general spectrum auction that concluded in singapore this week . Tpg telecom ltd - total purchase price for this new spectrum is s$23.8m, payable in april 2017 .Tpg telecom -"expenditure will be in addition to guidance previously provided by company for forecast capital expenditure investment in singapore".  Full Article

TPG Telecom says successfully bid for new spectrum in Singapore
Tuesday, 4 Apr 2017 06:31pm EDT 

TPG Telecom Ltd : Successfully bid for 2 lots of 5mhz of spectrum in 2.5ghz band at general spectrum auction that concluded in singapore this week . Tpg telecom ltd - total purchase price for this new spectrum is s$23.8m, payable in april 2017 .Tpg telecom -"expenditure will be in addition to guidance previously provided by company for forecast capital expenditure investment in singapore".  Full Article

TPG Telecom's HY revenue up 8% to A$1,241.8 million
Monday, 20 Mar 2017 05:39pm EDT 

Tpg Telecom Ltd : HY revenue up 8 pct to $1,241.8 million . HY profit for the period attributable to owners of $224 million up 11 pct . Interim dividend for FY17 8.0 cents per share .Directors reaffirm guidance provided in September 2016 for underlying EBITDA for group for full year FY17 to be in range of $820-830m.  Full Article

TPG Telecom comments on Fifield's announcement relating to auction for remaining 700 mhz spectrum
Thursday, 6 Oct 2016 10:52pm EDT 

TPG Telecom Ltd :Welcomes Fifield's announcement directing Australian Communications & Media Authority to conduct auction for remaining 700 mhz spectrum.  Full Article

TPG Telecom lodges application for Singapore spectrum
Thursday, 1 Sep 2016 08:05pm EDT 

TPG Telecom Ltd : TPG Telecom lodges application for Singapore spectrum . Submitted an EOI to prequalify for the new entrant spectrum auction being conducted by the infocomm development authority in Singapore .  Full Article

TPG Telecom responds to media speculation
Sunday, 21 Aug 2016 08:15pm EDT 

TPG Telecom Ltd : Response to media speculation . Says advises that it is not currently in discussions with 2degrees or its representatives . Says refers to query regarding media articles published in the Australian and the afr .  Full Article

TPG Telecom acquires 1800mhz spectrum
Thursday, 4 Feb 2016 06:41pm EST 

TPG Telecom:TPG Telecom acquires 1800mhz spectrum.TPG will pay $84.7 million for the lots that it has purchased.Says in addition, TPG was the winning bidder for one lot of 2x5mhz (i.e. 5mhz) in each of Adelaide and western NSW.  Full Article

More From Around the Web

BRIEF-TPG Telecom acquires 700MHz spectrum in Australia

* successfully bid for 2x10mhz of mobile spectrum in 700mhz band at recent auction conducted by Australian Communications and Media Authority