The latest update is out from TPG Telecom Limited ( (AU:TPG) ).
TPG Telecom Limited reported strong financial results for the year ending December 31, 2024, with a 1.5% increase in service revenue and a 5.4% rise in mobile service revenue. The company achieved significant strategic milestones, including doubling its mobile network coverage through a regional sharing agreement with Optus and agreeing to sell its fibre assets and fixed business to Vocus for $5.25 billion. These moves are expected to enhance TPG’s market position, improve capital efficiency, and simplify operations, positioning the company for future growth.
More about TPG Telecom Limited
TPG Telecom Limited is a telecommunications company that provides mobile and fixed services. It focuses on expanding its mobile network coverage and simplifying its business operations to enhance customer experience and financial performance.
YTD Price Performance: 0.34%
Average Trading Volume: 100
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $5.27B
Find detailed analytics on TPG stock on TipRanks’ Stock Analysis page.