DOCSLIB.ORG

T-Mobile-Sprint Talking Price Drop Before Close Is

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
T-Mobile-Sprint Talking Price Drop Before Close Is Click here for the online version. This e-mail was created for [email protected] Subscribe • Advertise Monday, February 17, 2020 Volume 8 | Issue 31 T-Mobile-Sprint Talking Price Drop Before Close T-Mobile wants to pay less than $40 billion for Sprint now that its proposed acquisition has fully completed its regulatory hurdles. Analysts say the price may go down some, but not a lot. The merger between the third and fourth largest U.S. wireless carriers was agreed to in April 2018, but couldn’t close after several states challenged it in court on antitrust grounds. A federal judge gave the companies the green light Tuesday to complete the deal, Inside Towers reported. T-Mobile hopes it will close by April 1. Before then, T-Mobile parent, Deutsche Telekom AG, plans to ask Sprint's majority owner, Japan's SoftBank Group, to agree to a lower price, reported Reuters. Deutsche Telekom AG will argue Sprint's financial position has deteriorated in the two years since the original merger deal was made. Continue Reading Nebraska Is Huawei Spying On the CornHusker State? As the White House urges allies to ban Huawei equipment from the next generation of towers, many networks in the Midwest are actively trying to rid themselves of the Chinese manufacturer’s products. WOWT-TV reported that due to fears that Huawei can secretly tap into communications through its equipment, the Nebraska Public Service Commission is taking action. Crystal Rhoades of the Nebraska Public Service Commission said, "I think the urgency on this has definitely been dialed up. We have to protect our communications system from foreign interference.” Continue Reading NATE UNITE 2020 Opens Today The annual convention of the National Association of Tower Erectors (NATE) begins today in Raleigh, NC. The association is celebrating its 25th conference and tradeshow. NATE Executive Director Todd Schlekeway calls this show “a milestone event.” It’s the first time the show is coming to North Carolina. The area “is very much a mini hub for our industry,” he told Inside Towers recently, mentioning towercos and telecom engineering firms located in the state. The show has evolved as the industry has changed, he noted. For example, there’s a panel on “Smart Cities” that includes Cary, NC. Panels will also focus on drones and workforce development. Former NASCAR driver Kyle Petty is one of the keynote speakers. Schlekeway thinks his message will resonate with attendees. “We feel our conference is one of the best values in the industry,” he said. To register, click here. Direct 911 Dialing from Multi-Line Phones Takes Effect Today Today, February 17, is the effective date of Kari’s Law, which will require multi-line telephone systems to directly route 911 calls, without the need to dial a prefix to reach an outside line. FCC Chairman Pai has been working with Kari’s father, Hank Hunt, since 2013, for this change. “More than six years ago, Hank Hunt launched a campaign to change phone systems so other families would not suffer a tragedy like his own,” said Pai. “We are all taught from a very young age to dial 911 for emergencies. But because hotel phones required guests to dial 9 before calling 911, the calls for help placed by Kari’s daughter never went through.” He credited Hank’s “courage and dedication” to getting Kari’s Law enacted. Continue Reading Broadband Still Not There for 42 Million Americans In stark contrast to findings reported in the FCC’s 2019 Broadband Deployment Report, research conducted by Broadband Now, a California-based data aggregation company, indicates 42 million Americans do not have access to broadband. This is nearly double the FCC’s figure of 21.3 million. According to Broadband Now, "The firm examined broadband availability across the U.S. using more than 11,000 addresses from a dataset of 1 million. Those addresses were first compared to FCC data, then verified via the broadband availability websites of nine different internet service providers (ISPs). Even taking a conservative approach to estimates, the group claims the actual number of unserved American households is closer to 42 million— double FCC estimates." Continue Reading February 14, 2020 at Close VZ is Very Much Alive and Kicking, According to Analyst After attending VZ Analyst Day last Thursday, Wells Fargo’s Senior Analyst Jennifer Fritzsche was reminded of a quote by Mark Twain: “The reports of my death are greatly exaggerated.” While acknowledging there are many VZ doubters in the wake of S/TMUS approval, she continues to see them having a tangible and focused strategy. “The move to the Verizon 2.0 reporting structure is a significant positive change, in our view,” Fritzsche said, “as it has streamlined the conversations VZ has with its multiple customer segments. Recall, driving our top pick call on VZ was that 2020 would be an important year of network milestones for this company – with DSS and fiber foundation we expect these milestones will be achieved.” Continue Reading Kansas Pilots’ Concerns Fly in the Face of AT&T Proposal The Pratt County Commission tabled a proposal by AT&T last week to erect a cell tower north of town after hearing from local pilots that the 260-foot structure would interfere with flight patterns. The commissioners voted to look into alternative sites and rescheduled the meeting for March 19, according to the Pratt Tribune. Area pilots said the location falls within the downwind traffic pattern for landing to the south for runway 17 at the Pratt Regional Airport. AT&T spokesperson Glenda Cafer countered that the FAA reviewed the information and determined there was no hazard to the airport landing pattern. She said the minimum approach level height at the airport of 200 feet was raised by the FAA. Pilots expressed concerns that if the minimums were raised, it would restrict the type of aircraft using the airport and disagreed that the tower presented no hazard. Continue Reading HAPSmobile Carries a Full Payload of Data UPDATE HAPSmobile, the unmanned aircraft that cruises the stratosphere, has completed development on the drone’s ability to carry a communications payload in its solar powered hull, reports AviationPros.com. The technological brainchild of Alphabet Loon and SoftBank Corp, the HAPS features a custom- designed LTE system that coordinates available 3GPP-compliant frequency bands. The drone’s payload creates a wireless link that is able to power LTE connectivity straight to standard LTE mobile devices like smartphones. Using atmospheric balloons as their starting point, the HAPSmobile team set to work using their combined resources to design a system to match the new aircraft's expanded range. The goal is to allow the unit to operate as a sky high cell tower. Continue Reading Australia Federal Court Gives TPG and Vodafone Merger a “Fair Go, Mate” Australia’s Federal Court approved a merger between TPG Telecom and Vodafone Hutchison Australia (VHA) after the Australian Competition and Consumer Commissions (ACCC) rejected the merger back in May 2019. The ACCC believed that a merger would limit competition in the country’s already concentrated telecom market. Telecompaper reported that TPG and VHA fought the ACCC in court. VHA CEO Inaki Berroeta believes the court’s decision is “a great outcome for the Australian economy as it would allow for greater investment in next-generation networks including 5G.” Berroeta also says the spectrum holdings of the merged company would increase VHA’s network capacity and scope for further investment, plus provide competitive plans and products for Australian customers. Continue Reading Georgia AT&T Cell Site Hit by Thieves Thirty-two thousand dollars worth of telecom equipment was reported stolen from an AT&T cell site in Athens, GA. According to the Athens-Clark police report filed February 5, the equipment was stolen from a building within the locked and fenced site compound. Upon investigation, police discovered the building’s lock had been picked but the exterior fence, which was topped with barbed wire, was still locked and undamaged. The Athens Banner-Herald reported that the stolen inventory included “eight gel-based batteries valued at $2,000 each, six radio units valued at $1,000 each, and a base-band communications unit with transmitting cards valued at $10,000.” Identifying a suspect in the theft may prove challenging for Athens-Clark police, particularly since an AT&T employee told police that no one has been to the site since July of 2019. It has been speculated, however, that a person familiar with the site is responsible for the theft since the items were taken from an out-of-service unit. How Lincoln Embraced New Technology and Saved the Nation By Jim Fryer, Managing Editor, Inside Towers Coming up with a connection between our legendary Presidents, to honor them on this day, and telecom, was a tough slog until I came across the efforts of a former FCC Chairman. Thomas Wheeler was named the thirty-first Chairman of the FCC in 2013, appointed by President Obama and confirmed by the Senate. He’s a former CEO of CTIA and is a member of the Wireless Hall of Fame. He is also an unabashed history buff and author, writing a book entitled: “Mr. Lincoln’s T-Mails: The Untold Story of How Abraham Lincoln Used the Telegraph to Win the Civil War” (HarperCollins). “When you stop and think about it, Lincoln was the first ‘online president,’” Wheeler told Inside Towers. When Lincoln arrived for his inauguration in 1861, he said, there was not even a telegraph line to the War Department much less the White House. When the U.S.
Load more

Recommended publications
  • Industry Top Trends 2020 Telecommunications in the Quest for Faster Networks Amid Slow Growth, Financial Policy Is Key
    Industry Top Trends 2020 Telecommunications In the quest for faster networks amid slow growth, financial policy is key November 21, 2019 Authors Lukas Paul Frankfurt +49 69 33999 132 lukas.paul@ spglobal.com Mark Habib Paris +33 1 4420 6736 mark.habib@ spglobal.com What's changed? Allyn Arden, CFA 5G has launched. 5G services launched, notably in South Korea, the U. S., China, New York and Switzerland. Indications from South Korea paint an encouraging picture of +1 212 438 7832 allyn.arden@ consumer take-up, but we believe monetization in most countries is less clear cut. spglobal.com A trade war has broken out and economic risks are rising. Telecom companies have exposure to the weakening economy through lower business-to-business JunHong Park Hong Kong revenues, and reduced consumer spending on content, and connected devices. +852 2533 3538 Telcos are taking a break from M&A. Some pending transactions have yet to junhong.park@ spglobal.com complete, but we expect more muted M&A in North America and Europe, as companies are digesting previous deals and the pipeline of targets is drying up. Luis Manuel Martinez Mexico City What to look out for in the sector in 2020 +52 55 5081 4462 luis.martinez@ More 5G launches and spectrum auctions. We look for evidence to gauge spglobal.com consumer demand for 5G, and examples of compelling and commercially ready use cases. However, costly spectrum auctions could add to ratings pressure. Chris Mooney, CFA New York Leverage reduction. We expect leverage reduction to be a priority for the sector, +1 212 438 4240 with free cash flow being the main driver.
    [Show full text]
  • Better Together
    Better Together Sustainability Report 2020 About this report This sustainability report covers the period 1 January 2020 to 31 December Increasing customer 2020 (the reporting period), with the connectivity, choice inclusion of a number of developments since the reporting period, where these and value are considered significant. 4See page 8 This report covers the activities of TPG Telecom Limited (TPG Telecom), the entity that was created from the merger of Vodafone Hutchison Australia and TPG in July 2020. The information in this report relates to TPG Telecom unless otherwise indicated. References to Vodafone Hutchison Protecting our Australia are a reference to that company customers and before the merger with TPG. communities 4See page 14 Our sustainability focus Message from the CEO 2 About TPG Telecom 3 Our performance at a glance 4 Our approach to sustainability 6 Helping our Increasing customer connectivity, choice and value 8 customers and Protecting our customers communities in and communities 14 times of need Helping our customers and 4See page 18 communities in times of need 18 Supporting inclusion, belonging and wellbeing of our people 20 Aligning to a pathway of green growth 25 Conducting our business ethically and responsibly 30 Supporting smarter technology for a healthier Australia 32 Sustainability Report 2020 1 Supporting inclusion, belonging and wellbeing of our people 4See page 20 Aligning to a pathway of green growth 4See page 25 This highlights some of our progress and achievements during the past year, in relation to issues which are important to our business and our stakeholders, and outlines our sustainability priorities for the coming year.
    [Show full text]
  • Advanced Info Services (AIS), 155 Advanced Wireless Research Initiative (AWRI), 35 Africa, 161-162 AIR 6468, 23 Alaskan Telco GC
    Index Advanced Info Services (AIS), 155 Belgium Competition Authority Advanced Wireless Research Initiative (BCA), 73 (AWRI), 35 Bharti Airtel, 144, 162 Africa, 161–162 Bite,´ 88 AIR 6468, 23 Bouygues, 79 Alaskan telco GCI, 134 Brazil, 125 Altice USA, 132 Broadband Radio Services (BRS), America´ Movil,´ 125, 129 137–138 Android, 184 BT Plus, 105 Antel, 139 BT/EE, 185 Apple, 186–190 Bulgaria, 74 Asia Pacific Telecom (APT), 154 Asia-Pacific Telecommunity (APT), 6, C-band, 26 25–26 Cableco/MVNO CJ Hello, 153 AT&T, 129, 131 Canada, 125–127 Auction Carrier aggregation (CA), 5, 22 coverage obligation, 10 CAT Telecom, 155 plans, 137–139 Cellular IoT (CIoT), 31 reserve prices, 9 Centimetre wave (cmWave), 34–35 Auction methods, 8–9 Centuria, 88 combinatorial clock, 8 Ceragon Networks, 93 simultaneous multi-round Channel Islands Competition and ascending, 8 Regulatory Authorities Augmented reality, 195 (CICRA), 83, 88 Australia, 139–140 Chief Technology Officer (CTO), 185 Austria, 71–73 Chile, 127–128 Autonomous transport, 195 Chile, private networks, 127–128 Average revenue per user (ARPU), China, 141–142 165–166, 197 China Broadcasting Network (CBN), Axtel, 129 141 China Mobile, 141 Backhaul, 24–25 China Telecom, 141 Bahrain, 156 China Unicom, 39, 141–142 Batelco, 156 Chipsets, 186–190 Beamforming, 24, 29 Chunghwa Telecom, 154 Beauty contest, 8 Citizens Broadband Radio Service Belgacom, 73 (CBRS), 130–131 Belgium, 73–74 CK Hutchison, 145 210 Index Cloud computing, 24 Eir Group, 85 Co-operative MIMO. See Coordinated Electromagnetic fields (EMFs), 38–39
    [Show full text]
  • Financial Results Commentary Half Year Ended 30 June 2020 (‘1H20’)
    TPG Telecom Limited (ASX: TPG) (‘the Company’) Financial Results Commentary Half Year Ended 30 June 2020 (‘1H20’) Purpose of this document The TPG Telecom directors recognise that, due to the timing of the completion of the recent merger of the Company with TPG Corporation, there is significant complexity in the Company’s accounts for the half-year ended 30 June 2020. This document is provided to help explain some of the complexities and should be read in conjunction with the half-year financial report and investor presentation. Introduction On 29 June 2020, the company formerly known as TPG Telecom Limited (ASX code: TPM) ceased trading on the ASX and changed its name to TPG Corporation Limited. Throughout this document, this company is referred to as TPG Corporation. On 29 June 2020, the company formerly known as Vodafone Hutchison Australia Limited (VHA) changed its name to TPG Telecom Limited and on 30 June 2020 listed on the ASX (ASX code: TPG). Throughout this document, this company is referred to as TPG Telecom. Following the merger of TPG Telecom and TPG Corporation, through a Scheme of Arrangement that was completed on 13 July 2020, under which TPG Telecom acquired all of the shares in TPG Corporation, these companies and their subsidiaries now form the TPG Telecom Group or ‘Group’. Overview of the Group’s accounts for the half-year ended 30 June 2020 (‘1H20’) Although the merger of TPG Telecom and TPG Corporation was not implemented until 13 July 2020, it became effective for accounting purposes on 26 June 2020. The Group’s statutory income statement for 1H20 therefore includes a full six months results of the company formerly known as VHA but only four days from TPG Corporation (the company formerly known as TPG Telecom).
    [Show full text]
  • Industry Top Trends 2021 Telecommunications Leverage Risk Transcends Pandemic Resilience
    Industry Top Trends 2021 Telecommunications Leverage Risk Transcends Pandemic Resilience December 10, 2020 Authors Madhav Hari, CFA Toronto +1 416 507 2522 madhav.hari @spglobal.com Allyn Arden, CFA New York +1 212 438 7832 allyn.arden @spglobal.com What’s changed? Mark Habib The pandemic underscores broadband’s value. Stay and work-at-home and social Paris distancing is shining a light on broadband’s importance to the modern economy, +33 1 4420 6736 mark.habib which bodes well for vested carriers in the long run. @spglobal.com Sector resilient, but not immune. 2020 closures and lower mobility will weigh on sector earnings through early-2021. Carriers, however, are protecting margins, JunHong Park Hong Kong delivering solid free operating cash flow, and retaining financial flexibility and +852 2533 3538 market access. junhong.park @spglobal.com 5G delays provide financial flexibility. 5G auction delays are allowing balance sheet repair, but defer material 5G-led growth beyond 2021. Potential regulatory Luis Manuel Martinez bias supporting network resilience and innovation could favor providers. Mexico City +52 55 5081 4462 What are the key assumptions for 2021? luis.martinez @spglobal.com Higher revenue and cash flow. We expect growth resumption by the second half of 2021 from higher loadings, wireless roaming, and upselling new services. Digital Chris Mooney, CFA transformations could offset marketing spend, protecting profitability. New York +1 212 438 4240 Asset rationalization could help fund capex. Capital allocation will continue to be a chris.mooney focus for many operators. We expect asset monetization and a refocus on core @spglobal.com business to support investment in long-lead fiber and 5G.
    [Show full text]
  • TPG Telecom Selects Infinera's ICE6 800G Solution to Boost Pacific
    TPG Telecom Selects Infinera’s ICE6 800G Solution to Boost Pacific Submarine Cable Capacity by 50 Percent 29 July 2021 – TPG Telecom and Infinera (NASDAQ: INFN) announced today a major technology upgrade of TPG Telecom’s submarine cable connecting Australia and Guam to significantly boost cable capacity and improve reliability leveraging Infinera’s ICE6 800G solution. PPC-1 is TPG Telecom’s ultra-long-haul cable system connecting Australia and Guam, including connectivity to Papua New Guinea. It has two fiber pairs spanning approximately 7,000 kilometers, with 78 repeaters spaced approximately 92 kilometers apart. The submarine cable is a major gateway for North America and other Asia Pacific destinations. Using the latest technology from Infinera, the project will boost data capacity on this key internet backbone link by 50 percent, from 8 terabits per second currently to 12 terabits per second. Enabling direct connectivity to key Sydney points of presence (POPs) is part of this upgrade, delivering seamless connections for TPG Telecom customers beyond the landing station. TPG Telecom Executive General Manager Mobile and Fixed Networks Barry Kezik said, “We are increasing the capacity of this vital international link by 50 percent to meet the growing data requirements of our customers, which is being driven by booming demand for cloud computing and video streaming.” “With this investment, TPG Telecom confirms its long-term commitment to provide international services to Australia,” said Mr Kezik. “Infinera is excited to collaborate with TPG Telecom to deploy our industry-leading ICE6 800G solution on its critical subsea network, offering higher-speed bandwidth and more capacity and arming TPG Telecom with the ability to deliver new high-speed connectivity services,” said Nick Walden, Senior Vice President, Worldwide Sales, Infinera.
    [Show full text]
  • Edited for Upload GCD Wls Networks
    Region Country Operator LTE 5G Asia 139 36 Armenia Total 30 Armenia MTS Armenia (Viva‐MTS) 10 Telecom Armenia (formerly VEON, trading as Armenia Beeline) 10 Armenia Ucom 10 Azerbaijan Total 40 Azerbaijan Azercell 10 Azerbaijan Azerfon (Nar) 10 Azerbaijan Bakcell 10 Azerbaijan Naxtel (Nakhchivan) 10 Bangladesh Total 40 Bangladesh Banglalink 10 Bangladesh GrameenPhone (GP) 10 Bangladesh Robi Axiata 10 Bangladesh Teletalk 10 Bhutan Total 20 Bhutan Bhutan Telecom (BT) 10 Bhutan Tashi InfoComm (TashiCell) 10 Brunei Total 40 Brunei Datastream Digital (DST) 10 Brunei imagine (formerly Telekom Brunei) 10 Brunei Progresif 10 Brunei Unified National Networks (UNN) 10 Cambodia Total 40 Cambodia CamGSM (Cellcard) 10 Cambodia SEATEL (yes) 10 Cambodia Smart Axiata 10 Cambodia Viettel Cambodia (Metfone) 10 China Total 63 China China Mobile 21 China China Telecom Corporation 21 China China Unicom 21 Georgia Total 60 Georgia A‐Mobile (Abkhazia) 10 Georgia Aquafon GSM (Abkhazia) 10 Georgia MagtiCom 10 Georgia Ostelecom (MegaFon) (South Ossetia) 10 Georgia SilkNet (incl. Geocell) 10 Georgia VEON Georgia (Beeline) 10 Hong Kong Total 64 Hong Kong China Mobile Hong Kong (CMHK, formerly Peoples) 21 Hong Kong HKT (incl. CSL) 11 Hong Kong Hutchison Telephone Company (3) 21 Hong Kong SmarTone 11 India Total 80 India Bharat Sanchar Nigam Limited (BSNL) 10 India Bharti Airtel 20 India Reliance Communications (RCOM) 10 India Reliance Jio Infocomm (Jio) 20 India Vi (Vodafone Idea Limited, VIL) 20 Indonesia Total 61 Indonesia Hutchison 3 Indonesia (Tri) 10 Indonesia Indosat Ooredoo (incl. IM2) 10 Indonesia Net1 Indonesia 10 Indonesia PT Smart Telecom (Smartfren) 10 Indonesia Telkomsel (Telekomunikasi Selular) 11 Indonesia XL Axiata 10 Japan Total 44 Japan KDDI (au) 11 Japan NTT DOCOMO 11 Japan Rakuten Mobile 11 Japan SoftBank Corp 11 Kazakhstan Total 30 Kazakhstan KaR‐Tel (Beeline) 10 Kazakhstan Kcell (incl.
    [Show full text]
  • MALIKA CHANDRASEGARAN PARTNER Sydney Australia
    MALIKA CHANDRASEGARAN PARTNER Sydney Australia Malika has a broad corporate law practice with a focus on public and private mergers and acquisitions. +61 2 9225 5783 +61 408 410 056 [email protected] linkedin.com/in/malika-chandrasegaran BACKGROUND Malika hold a Bachelor of Laws (Honours) and a Bachelor of Commerce from the University of New South Wales. KEY SERVICES KEY SECTORS Corporate Consumer Mergers & Acquisitions Technology, Media and Telecommunications EXPERIENCE Malika combines her strong technical legal knowledge with a practical commercial approach. She specialises in public and private mergers and acquisitions (including cross border transactions), corporate restructures, foreign investment, joint ventures and other commercial transactions. She has experience across a wide range of industries, including technology, media and consumer products. Malika is also the co-author of a detailed review of Australia’s foreign investment regime in “Towns Under Siege” (a book on Australian takeovers). In addition, she is the co-author of two chapters in “Before You Tie The Knot” (a book on joint ventures). Malika’s experience includes advising: TPG Telecom on its A$16.5 billion merger with Vodafone Hutchison Australia as well as the demerger and listing of its Singapore business, Tuas Limited JCDecaux on its A$1.1 billion acquisition of APN Outdoor AccorHotels on its proposed A$1.2 billion acquisition of Mantra Group by way of scheme of arrangement Fairfax Media on the separation and spin-off of Domain, which listed as a standalone
    [Show full text]
  • TPG Telecom to Power Operations with 100% Renewable Electricity
    TPG Telecom to power operations with 100% renewable electricity 31 March 2021 – TPG Telecom today announced plans to power its entire operations across Australia with 100% renewable electricity by 2025. This will include all of TPG Telecom’s nationwide fixed and mobile network infrastructure - used to supply more than five million mobile customers and over two million fixed line broadband customers - as well as its office buildings and its retail network. In addition to TPG Telecom’s own on-site solar generation, this commitment to 100% renewable electricity will be met by buying renewable energy products in Australia, providing a boost to the growth of renewable energy and the transition of Australia’s electricity grid. The commitment comes as TPG Telecom released its first Sustainability Report since the merger of Vodafone Hutchison Australia and TPG in July 2020. “Our move to be powered by 100% renewable electricity meets a growing expectation of our customers and the wider community,” TPG Telecom CEO Iñaki Berroeta said. “As a leading telecommunications services company, and a major user of electricity, we believe we have an important role to play in reducing greenhouse gas emissions to address the threat of climate change. It’s also an important step in our journey as we work towards aligning our business with the goals of the Paris Agreement.” TPG Telecom operates leading mobile and internet brands including Vodafone, TPG, iiNet, Internode, Lebara, AAPT and felix. Based on its forecast Australian energy consumption in 2025, TPG Telecom’s commitment is equivalent to powering approximately 58,000 homes – more than all the homes in Darwin – with renewable energy.
    [Show full text]
  • TPG Telecom Records Solid HY21 Result Driven by Merger Synergy Realisation and Integration Benefits
    TPG Telecom records solid HY21 result Driven by merger synergy realisation and integration benefits Highlights • Strong progress on integration and strategic priorities during foundational year post-merger • Ahead on 2021 5G coverage target • Total fixed broadband subscriber base increased to 2.2 million • Launched 5G home wireless, tripled 4G home wireless customer base • Merger synergy program on track with $38 million in cost synergies delivered in six months • Reported revenue of $2.63 billion, EBITDA of $886 million and NPAT of $76 million • Declared interim dividend of 8 cents per share Friday 20 August 2021 – TPG Telecom Limited (ASX: TPG) (TPG Telecom) today released solid results for the six months ended 30 June 2021 that demonstrate the benefits of the merger as the company completes its foundational phase of integration. TPG Telecom Chief Executive Officer Iñaki Berroeta said the company had delivered for shareholders, despite external factors presenting significant challenges. “The group’s EBITDA result is pleasing and demonstrates a solid underlying performance achieved through the realisation of $38 million in merger cost synergies and strong commercial management,” Mr Berroeta said. "In an environment with continued headwinds from COVID-19, NBN margin erosion and the new RBS levy, and residual challenges from the merger delay and 5G vendor restrictions, we are performing well. “Through the groundwork we have laid across the company over the past year since the merger, we are now in a stronger position to take advantage of our growth potential. “With 7.5 million consumer and business services, the largest family of owned telco brands in Australia, and a valuable portfolio of infrastructure assets, there is enormous potential to drive greater shareholder returns and exceptional customer experiences.” Mr Berroeta said the company had made good progress on its strategic priorities for 2021.
    [Show full text]
  • TPG Telecom Limited (Formerly the Details of Our 2020 Achievements Across Our Family of Brands, We Named VHA) and a Contribution of and Our 2021 Priorities
    Annual Report 2020 Contents Chairman and CEO’s letter 2 Strategy and Performance 6 Key Risks 12 Operating and Financial Review 15 Directors’ Report 23 Remuneration Report 30 Auditor’s Independence Declaration 60 Financial Report 61 Consolidated Income Statement 62 Consolidated Statement of Comprehensive Income 63 Consolidated Statement of Financial Position 64 Consolidated Statement of Changes in Equity 65 Consolidated Statement of Cash Flows 66 Notes to the Consolidated Financial Statements 67 Directors’ Declaration 122 Independent Auditor’s Report 123 ASX Additional Information 132 Annual Report 2020 1 Highlights REVENUE EBITDA $4.35b $1.39b 24 per cent from 2019 18 per cent from 2019 NPAT NET CASH FLOW $734m $342m First six months post-merger 2 Chairman and CEO’s letter Dear Shareholders, 2020 highlights will begin offering 5G fixed wireless services to customers. 2020 was a year in which Australian Following the implementation of society and the economy was the merger between the companies We are pleased with the progress subjected to significant unexpected formerly named Vodafone we have made, and we thank our shocks but also showed remarkable Hutchison Australia (‘VHA’) and employees for their hard work to resilience. TPG Telecom on 13 July 2020, we deliver more every day for our set upon the important work of customers. Telecommunications services played delivering the benefits to customers an essential part in the everyday lives and shareholders. Financial performance of Australians, with the COVID-19 pandemic and the bushfire crisis Customers began benefiting from the Our results demonstrate that highlighting the critical role that integration of our complementary despite the impact of COVID, the sector plays in our society.
    [Show full text]
  • Calvert VP EAFE International Index Portfolio 1St Quarter Holdings
    Calvert VP EAFE International Index Portfolio March 31, 2020 Schedule of Investments (Unaudited) Common Stocks — 98.5% Security Shares Value Australia (continued) Security Shares Value Australia — 5.8% Ramsay Health Care, Ltd. 1,442 $ 50,704 REA Group, Ltd. 537 25,155 AGL Energy, Ltd. 6,090 $ 63,734 Rio Tinto, Ltd. 3,172 163,420 Alumina, Ltd.(1) 14,501 12,996 Santos Ltd., 13,517 27,761 AMP,Ltd.(1)(2) 22,416 18,306 Scentre Group 45,895 43,959 APA Group(1) 11,361 72,094 Seek, Ltd.(1) 3,323 30,366 Aristocrat Leisure, Ltd. 4,773 61,847 Sonic Healthcare, Ltd. 4,020 60,420 ASX, Ltd. 1,623 76,185 South32, Ltd. 48,353 53,377 Aurizon Holdings, Ltd. 16,477 42,701 Stockland 19,317 29,704 AusNet Services(1) 27,031 28,383 Suncorp Group, Ltd.(1) 11,330 62,918 Australia & New Zealand Banking Group, Ltd. 24,210 253,900 Sydney Airport 8,748 30,225 Bendigo & Adelaide Bank, Ltd. 4,706 18,080 Tabcorp Holdings, Ltd.(1) 15,814 24,474 BGP Holdings PLC(2)(3) 77,172 — Telstra Corp., Ltd. 37,215 69,858 BHP Group, Ltd. 26,250 476,209 TPG Telecom, Ltd.(1) 3,460 14,735 BlueScope Steel, Ltd. 4,388 22,973 Transurban Group(1) 24,274 180,808 Boral, Ltd. 10,917 13,712 Treasury Wine Estates, Ltd. 6,449 40,039 Brambles, Ltd. 14,024 90,648 Vicinity Centres 25,959 16,238 Caltex Australia, Ltd. 1,867 25,210 Washington H.
    [Show full text]