TPG takes a $150M hit to profit after mobile network halt
TPG Telecom has closed the first half of 2019 with $46.9 million in net profit after tax, down 76.4 per cent or $151.2 million less than the previous corresponding year.
TPG Telecom has closed the first half of 2019 with $46.9 million in net profit after tax, down 76.4 per cent or $151.2 million less than the previous corresponding year.
Hawaiki Cable, the Kiwi company planning to build a 14,000 km cable system between New Zealand, Australia, Hawaii and the US west coast, has signed up another customer.
The purchase of AAPT by TPG Telecom (ASX: TPM) could see the ISP grow its business market and take advantage of AAPT’s fibre assets, says independent telecommunications analyst Chris Coughlan.
TPG Telecom (ASX:TPM) has confirmed it has acquired a stake in rival listed ISP iiNet (ASX:IIN).
TPG Telecom (ASX: TPM) is boasting an increase in broadband subscribers of 54,000 for the six months to 31 January, 2010.
TPG Telecom (ASX:TPM) is to go on a $70m capital raising path, via a share placement, to reduce the group’s net debt following the proposed $350m acquisition of Pipe Networks.