TPG - TPG Telecom

[So_Cynical]

TPG - Teoh will end up with less than 50% so no control, Teoh basically has given up his baby, the current price action reminds me of the Vocus merger frenzy of 18 months ago.

 

[tinhat]

TPG - Teoh will end up with less than 50% so no control, Teoh basically has given up his baby, the current price action reminds me of the Vocus merger frenzy of 18 months ago.

What percentage will he end up owning post-merger? He and Soul Pattinson are currently the largest shareholders in TPG and they may remain aligned post merger. My understanding (but I could be wrong) is that Hutchison and Vodafone are 50/50 owners of Vodafone so they will end up with 25.25% each of the merged company. Also, it seems that TPG Singapore is being spun-off prior to the merger and Teoh will end up controlling that for what that is worth. So, he may still have considerable, if not effective, control post merger.

I guess they had to get the deal on the table now before the upcoming spectrum auction because otherwise they would have been competing with each other for spectrum or, if they entered into an agreement not to compete without announcing it that might have got them in trouble for anti-competitive behaviour. I note that they have already formed a joint venture entity to bid in the spectrum auction separate to pursuing the full merger of the entities, which of course will take some time and is subject to regulatory and shareholder approval.

 

[peter2]

Added TPM to the research portfolio today after their HY19 presentation. The market seems to have liked what's happened (huge writedown) as today's bar looks likely to end up.

The chart shows price has been coiling in a triangle pattern which could break out in either direction. I'm favouring UP.

 

[HelloU]

trade the trade pete

(the previous merge stuff is a little unclear still and tpg are looking at a 4G hole atm)

 

[sptrawler]

The merger is in the courts at the moment, it should be interesting to watch the outcome, to overturn the ACCC decision would be a big call. But reading the court proceedings, TPG are putting forward compelling arguments.

https://www.theage.com.au/business/...d-on-fallacy-court-hears-20190910-p52ppu.html

There will be a BIG bounce, if the court does overturn the ACCC decision. IMO

 

[Trav.]

TPM ticking all the box's for me on the chart below.

HL, BO, Trend, Volume...all very nice and now on watch list

 

[rnr]

Just a lesson in how wrong you can be!

My comments on the attached chart are based on the bar for Friday January 24th, 2020 (the bar with the question mark). Man I didn't just get that wrong, hopefully you will excuse the expression, I stuffed it up completely.

 

[barney]

I stuffed it up completely.

Nah … I think your reservation was justified RNR …. It had tried at least 6 times in the last year to break that level and failed so it was still an each way bet.

Now that it's broken the long term $6-7 range, the $8 mark looks on the cards.

 

[Trav.]

I had a buy in earlier this week that was triggered and happy to be holding as I am in the green

Closed @ $7.48 after high of $7.57......good momentum and volume so we will see if it can hold it's gains made this week.

 

[Dona Ferentes]

Decision Day: TPG Telecom and Vodafone Hutchison Australia learn whether their $15 billion merger can go ahead today

 

[HelloU]

(well on Thursday but whatevs)

Both now in halt......13th...... sol has not been a skyrocket lately....

 

[Dona Ferentes]

(well on Thursday but whatevs)

Both now in halt.......

the wheels of justice turn slowly

 

[Dona Ferentes]

The Federal Court has given the green light to the $15 billion merger of TPG and Vodafone, saying the combined entity will create a stronger competitive force against Telstra and Optus.

The decision, which is open to appeal, brings to head a four-month long legal tussle between the telcos and the competition regulator

(and SOL up 5%)

 

[sptrawler]

The Federal Court has given the green light to the $15 billion merger of TPG and Vodafone, saying the combined entity will create a stronger competitive force against Telstra and Optus.

The decision, which is open to appeal, brings to head a four-month long legal tussle between the telcos and the competition regulator

(and SOL up 5%)

At last common sense prevails IMO, sometimes I think the ACCC thinks there is a bottomless pit of consumers in Australia, that can support endless amounts of minor players.
Here is an article covering the story.
https://www.theage.com.au/business/...led-to-embarrassing-loss-20200213-p540gv.html

 

[Dona Ferentes]

ACCC not going to appeal the decision; TPG up 10%

 

[Dona Ferentes]

code change (and Tuas TUA spun out) since 01 July

TPM is now TPG
TPG TELECOM LIMITED.

 

[Dona Ferentes]

down 8%

The reclusive chairman of TPG Telecom, David Teoh, has resigned from the telecoms company, with his son and fellow board director Shane Teoh also heading for the exit.

Mr Teoh will keep his 17.2 per cent stake in TPG following his shock exit. He and his associates hold 254.6 million shares that are under escrow until July 2022, meaning they cannot be sold until then, as part of the merger agreement between TPG and Vodafone Hutchinson Australia in July 2020.

 

[peter2]

Considered TPG as a speculative reversal opportunity after today's price drop due to resignation of CEO. The existing management steps up so there's no real change.

My trade would be a buy stop at 6.50 with an iSL at 6.35/6.30 with an initial target at 7.00 (fill the gap).

However I declined as the price remains in a longer term down trend and remains quite volatile. Price will find a bottom somewhere.

 

[finicky]

Continuing a 10 month downtrend, but from today's move only has dropped out of > 4 year uptrend

Decade daily, with price below negatively crossed 50 and 200 dma's

 

[divs4ever]

Telstra and TPG Telecom sign landmark network sharing agreement for regional Australia

21 February 2022 - Telstra and TPG Telecom Limited today announced a ground-breaking
ten-year regional Multi-Operator Core Network (MOCN) commercial agreement, which will
provide significant value to Telstra’s wholesale mobile revenues, while providing TPG
Telecom group’s subscribers with 4G and 5G services within a defined coverage zone
across regional and urban fringe areas.
Under the innovative deal TPG Telecom will gain access to around 3,700 of Telstra’s mobile
network assets, increasing TPG Telecom’s current 4G coverage from around 96 per cent to
98.8 per cent of the population.
Telstra will gain access to TPG Telecom’s spectrum across 4G and 5G, which will allow it to
grow its network, increase capacity and continue to provide the country’s largest and fastest
network.
Under the MOCN arrangement Telstra will share its Radio Access Network (RAN) for 4G
and subsequently 5G services in the defined coverage zone, however both carriers will
continue to operate their own core network where key differentiating functionality resides.
Telstra will also obtain access to and deploy infrastructure on up to 169 TPG Telecom
existing mobile sites, improving coverage for TPG and Telstra customers in the zone. The
non-exclusive agreement includes the option for TPG Telecom to request two contract
extensions of five years each.
Telstra CEO Andrew Penn said the deal provided significant value to shareholders and
customers and was a continuation of Telstra’s strategy to maximise the utilisation and
monetisation of its assets.
“This additional spectrum will mean that all Telstra customers will continue to experience
Australia’s best and fastest network across the country, in combined 4G and 5G speeds. In
particular, the spectrum agreement will ensure that regional and rural customers will now
experience faster speeds in more locations on their mobiles.”
TPG Telecom CEO Iñaki Berroeta said the landmark network sharing agreement would
significantly expand TPG Telecom’s mobile network footprint in regional Australia and
enable growth of its customer base in regional and metropolitan areas.
“It represents a material uplift in the capability of our network and will provide significant
value for TPG Telecom shareholders over the medium and long term.
“We will be open for business in regional and rural Australia like never before, offering a 4G
network that provides 98.8% population coverage and rapidly growing 5G coverage across
the nation.
“The agreement demonstrates best-practice asset utilisation and a commitment to
rationalising our operations to deliver a better customer experience, while increasing capital
efficiency.
Mr Penn said, “With more people moving to regional areas as a result of COVID, congestion
in some areas has increased. This additional spectrum will also ensure that Telstra
customers will experience significantly reduced congestion at busy times.
2
“Telstra’s network has always been and will continue to be the best network – the structure
of the deal ensures that we will continue to differentiate in network leadership for our
customers in coverage and services.
“We can do that because we will maintain our one million square km competitive advantage
in mobile coverage where no other operators have invested. Mobile coverage is often talked
about as population coverage, however we all know that it’s the square kilometres of
coverage when you travel between towns and cities that also matters. It is the fabric of our
mobile network.
“This is critical for customers living and working in those areas. It provides security and
safety when travelling long distances on major roads and is only available for our customers
travelling through or working or living in those areas.”
Mr Penn said the innovative deal would realise more value from Telstra’s network
infrastructure for shareholders while making a very significant contribution to Telstra’s
wholesale mobile revenues.
“The deal provides TPG Telecom with the opportunity to access some of our network assets
within the defined zone. The access is similar to the way Telstra currently provides
wholesale services to its MVNOs and Belong in this zone.
“Similar to monetising our passive infrastructure, it allows Telstra to have an innovative way
of monetising some of our active mobile infrastructure, in areas where the population
coverage is much smaller and more challenging in terms of returns and further investment
and where there are already a number of competitors.
“Additional scale from this agreement therefore supports return on invested capital in these
areas and makes ongoing investment in the network and innovation more sustainable.”
Mr Berroeta said the agreement was a win for TPG customers who would have access to a
significant part of the best regional network in Australia.
“The deal will give TPG Telecom’s consumer, enterprise and wholesale customers seamless
access to a national network. This will enable TPG Telecom’s Vodafone, TPG, iiNet, Lebara
and felix brands to improve their services for regional Australians.”
Access to this additional coverage will be automatic for all of TPG Telecom group’s
customers and will appear to them as being provided by their current TPG Telecom group
provider.
TPG Telecom will continue to operate its own 3G, 4G and 5G networks in metropolitan areas
reaching around 80 per cent of the population, which includes its network infrastructure
sharing arrangement with Optus in those areas.
TPG Telecom will decommission the 725 mobile sites it currently operates within the MOCN
coverage area, reducing environmental impact, energy consumption, operating costs and
future capex.
Subject to approval by the Australian Competition and Consumer Commission, the MOCN is
expected to be available to TPG customers by the end of the year.
END

DYOR

i hold TPG ( bought as TPM . 'free-carried ' )