Displaying items by tag: David Teoh

TPG Telecom has welcomed the appointment of Canning Fok as Chairman of the TPG Telecom Board as billionaire David Teoh resigns from the board, while still remaining a large shareholder.

The name Vodafone Hutchison Australia will disappear from the Australian business register next Monday, with the telco to be known as TPG Telecom.

A merger between two of Australia's largest telcos, Vodafone Hutchison Australia and TPG Telecom, has been given the green light after a successful court challenge to an initial ACCC ruling in regard to 'lessened competition.'

Vodafone Hutchison Australia and TPG Telecom have said they intend to challenge the ACCC's turning down of their merger proposal in the Federal Court.

Vodafone Hutchison Australia and TPG Telecom have said they intend to challenge the ACCC's turning down of their merger proposal in the Federal Court.

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 Australian Competition and Consumer Commission has announced that it will hand down its final decision on the proposed merger between TPG Telecom and Vodafone Hutchison Australia on 9 May.

Telecommunications provider TPG Telecom has cancelled plans for rolling out a mobile network, and cited the ban imposed by the Australian Government on Chinese telecommunications equipment provider Huawei Technologies as the main reason.

The audio of the teleconference call for media and analysts featuring Iñaki Berroeta, chief executive of Vodafone Hutchison Australia, and David Teoh, chairman and chief executive of TPG Telecom, can be heard below. 

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.

If you want six months free access to TPG's forthcoming new Australian mobile network, with unlimited data at 1Mbps speeds after 1GB at 4G LTE speeds, with the catch of non-national access and $9.99 per month after that, then read on.

iiNet is in many ways a unique ISP. It is one of the few that started life in a garage, following the Silicon Valley model. It used to be very good at providing service. But after being bought by TPG, it only seems to be obsessed with money.

Australia's third largest telco TPG Telecom has announced a 9% rise in its net profit after tax to $413.8 million for its full year 2017 which ended on July 31.

Australia's fourth largest telecommunications player TPG has achieved its targeted fund-raising announced a month ago, raising $320.2 million to help fund its planned new mobile network.

AS the battle over the sale of iiNet to TPG gets ugly, TPG’s CEO has offered to meet with the most vocal critic of the deal, iiNet founder Michael Malone.

TPG and iiNet are recommending the transaction which will see TPG buy the other 93.75% of iiNet shares it does not already own, with iiNet shareholders to get $8.60 per share.

TPG is getting closer to the billion dollar revenue figure, showing a healthy increase in all key financial metrics in its annual results.