Friday, 07 May 2021 00:42

TPG Telecom delivers AGM, Chairman's address, CEO and MD address to ASX

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TPG Telecom says it is the second largest telco in Australia, with MD and CEO Iñaki Berroeta also sharing an update on the company's operations after its merger 10 months ago.

The recently appointed Chairman of TPG Telecom, Canning Fok, said in a statement to the ASX "Today’s meeting is an historic moment – TPG Telecom’s first AGM as a merged company following last year’s merger between TPG and Vodafone Hutchison Australia.

"I am honoured to have taken the role of Chairman in March following the resignation of David Teoh. I would like to thank David for his leadership of the Board since we merged last year."

Fok added: "TPG Telecom has now become the second largest listed telecoms company in Australia. We are a company serving more than five million mobile customers and more than two million fixed customers.

"We own and operate nationwide telecommunications infrastructure, including Australia’s second largest fixed network, a 4G mobile network with coverage reaching more than 23 million Australians, and a 5G network which is being rolled out.

"The company’s 2020 performance and achievements are vindication that we are better and stronger together – for shareholders, customers, employees and the community," Fok concluded.

The introduction of the MD and CEO's address, Iñaki Berroeta, stating: "Next week, it will be ten months since the merger was implemented and during that time much has been achieved or is underway.

We have accelerated our 5G mobile network rollout, with services now available in more than 500 suburbs in cities and major centres and with more than half a million customers using 5G mobile devices on our network.

"At the recent millimetre wave auction, we secured spectrum holdings in all available licence areas which will significantly increase capacity for our fixed wireless and 5G mobile services.

"And today, I am pleased to announce that we will begin inviting selected customers to access our 5G fixed wireless services next month. Take-up of our fixed wireless services has been encouraging as we expand the service across more brands and channels.

"We have launched felix - Australia’s first telco brand – powered by 100 per cent renewable electricity, and we have set a target that by 2025 we will have 100 per cent renewable electricity powering the company’s entire Australian operations. Over the coming years we will increase our focus on environmental sustainability.

"We continue to strengthen our enterprise propositions leveraging new NBN products and our significant fibre assets and build capabilities. In the last quarter, we have been awarded contracts with two major companies which have national and international operations.

"Fibre roll out to our mobile sites is ahead of schedule and we have integrated in excess of 400 small cells enhancing coverage and capacity in our network.

"We are also working on our cultural program and teams integration as we continue to leverage our culture as a primary company asset.

"We now have a harmonised approach to remuneration and workplace policies which support employees to be at their best. Company engagement is tracking above expectation, and more of our office spaces, systems and processes are coming together as our integration progresses.

"I thank all our people for their commitment and enthusiasm and for working hard every day – often in challenging circumstances throughout 2020 – for our customers, shareholders and the future of TPG Telecom."

The rest of the statement and AGM presentation (16 page PDF) can be read here.


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Alex Zaharov-Reutt

Alex Zaharov-Reutt is iTWire's Technology Editor is one of Australia’s best-known technology journalists and consumer tech experts, Alex has appeared in his capacity as technology expert on all of Australia’s free-to-air and pay TV networks on all the major news and current affairs programs, on commercial and public radio, and technology, lifestyle and reality TV shows. Visit Alex at Twitter here.

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