TPG Telecom Ltd (TPM.AX)
26 Sep 2017
Tue, Sep 19 2017
* Cuts dividend, flags profit fall next year (Recasts on debt facility; adds shares jump, analyst comment)
Sept 19 Australian telecoms company TPG Telecom Ltd cut its final dividend and warned pre-tax profit would fall in the current fiscal year due to rising competition as the government takes over as the country's main broadband wholesaler.
Sept 19 Australian telecom services provider TPG Telecom Ltd on Tuesday posted an annual net profit that rose 9 percent and topped estimates, but said it expects fiscal year 2018 earnings before interest, tax, depreciation and amortization (EBITDA) to be lower than the prior year.
* Underlying EBITDA for FY18 expected to be in range of $800-$815 mln Source text for Eikon: Further company coverage:
* successfully bid for 2x10mhz of mobile spectrum in 700mhz band at recent auction conducted by Australian Communications and Media Authority
* seeks trading halt pending announcement in relation to acquisition and capital raising Source text for Eikon: Further company coverage: