TPG Telecom Announces Strong Half-Year Financials

TPG Telecom Limited (AU:TPG) has released an update.

TPG Telecom Limited reported a solid performance for the first half of 2024, with service revenue increasing by 1.7% to $2,327 million and mobile service revenue growing by 7.2%. Their EBITDA rose by 3.5% to $974 million, and the company declared an interim dividend of 9.0 cents per share. Amidst a challenging economic environment, TPG highlighted strong cash performance, strategic cost-cutting measures, and continued investment in 5G network upgrades.

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