Australian telco TPG Telecom has sold its passive mobile tower and rooftop infrastructure to Canadian firm OMERS Infrastructure Management for $950 million.
Well-known telecommunications consultant Paul Budde has underlined a fundamental truth about the market in his reaction to the Federal Court's decision to clear the Vodafone-TPG merger: "You have to be big in the telecoms market to survive."
Telecommunications provider TPG Telecom has reported a fall of 56% in net profits for the financial year 2019 compared to last year, with the company attributing the fall from $397.5 million to $175 million to its being forced to give up plans for a mobile network.
New Zealand infrastructure fund Infratil says it is in talks with the Vodafone Group to buy the company's New Zealand business, along with another unnamed party.
Both TPG Telecom and Vodafone Hutchison Australia will make sufficient concessions to the ACCC that would see TPG remaining in the market as a price-fighter brand, well-known telecommunications analyst Paul Budde says, three days ahead of the date on which a final decision on the proposed merger between the two companies is due to be handed down.
The proposed merger between telecommunications companies TPG Telecom and Vodafone Hutchison Australia would add mobile capabilities and greater scale to allow TPG to compete with Telstra and Optus more effectively, according to one analyst firm.
Telecommunications provider TPG Telecom has announced a reported net profit after tax of $46.9 million for the first half of its 2019 fiscal year, which ended on 31 January, a drop of 76.4% from $198.6 million, year on year.
Vodafone Hutchison Australia is offering customers who sign for its 100Mpbs NBN plan a Vodafone TV and a Google Home Mini which costs $150.
The NBN Co's latest promotional move, offering retail service providers $160 for each customer who signs up for a 100Mbps service, effectively requires these customers not to downgrade or disconnect until January 2021, according to the head of a small ISP.
TPG Telecom has reported a net profit after tax of $396.9 million for the year ending 31 July, a drop of 4.6% compared to the previous year, with EBITDA of $841.1 million, down 5.6%. The results reflect the continuing pressure on margins caused by the NBN.
Boost Mobile founder and chief executive Peter Adderton has urged the ACCC to reject the proposed merger between Vodafone Hutchison Australia and TPG Telecom on the grounds that it would remove from the telco space the one factor that has led to increased competition over the last year or so – a fourth big mobile player.
The Australian competition watchdog, the ACCC, says it will soon kick off a public review into the merger that is proposed between Vodafone Hutchison Australia and TPG Telecom.
Australian telcos Vodafone Hutchison Australia and TPG Telecom have announced a merger of equals, with the scrip deal creating a company with an enterprise value of about $15 billion, according to an announcement made to the ASX.
Vodafone Hutchison Australia chief financial officer James Marsh is leaving the telco in late July to take up a role in the media industry.
Vodafone Hutchison Australia has boosted its customer base to 5.81 million to the end of last December, adding 246,000 customers over 12 months in 2017.
Australian mobile users could benefit to the tune of $658 million in savings every year if domestic roaming services are regulated, according to a new independent study by a London-based economic group commissioned by Vodafone Hutchison Australia.
Online discounter Kogan has launched its move into the mobile broadband market in a deal offering an instant hotspot and broadband access on the Vodafone Hutchison 4G network.
Nokia has formed an alliance with other mobile operators, public authorities and first responders to standardise the use of LTE for public safety.
Vodafone Hutchison Australia has significantly boosted its customer base across the Australian market, with a multi-billion dollar investment in its network over recent years and a significant reduction in losses for the first half of this year.
Vodafone Australia chief technology officer Benoit Hanssen is leaving the company after three years to take up a new post with the Hutchison Group.
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