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ASX:TPG

8 stories mentioning ASX:TPGUpdated 17d ago

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Asia

Telstra's Direct-to-Device Coverage Premium Could Erode if Optus, TPG Secure Favorable Agreements, Jefferies Says

Telstra Group's (ASX:TLS) coverage premium in direct-to-device services could erode over time if Optus and TPG Telecom (ASX:TPG) can secure favorable agreements with satellite operators, according to a Friday note by Jefferies.Network quality, speed, and reliability remain important differentiators. Capacity, uplink speeds, indoor penetration, spectrum, and handset compatibility remain key constraints for effective direct-to-device satellite services.The LEO sats direct-to-device services are not expected to pose a material threat to Australian mobile operators, particularly in metro, suburban, and major regional areas where terrestrial networks should remain far superior. Satellites are likely to play a larger role in rural areas.Telstra's postpaid mobile ARPU growth is forecast to be between 3% to 4% per annum over the next three years.The investment firm assigned hold ratings to both firms, while cutting Telstra's price target to AU$5.10 from AU$5.40 and lowering TPG Telecom's price target to AU$3.80 from AU$3.90.

ASX:TLSASX:TPG
Asia

TPG Telecom Signs Deal With Spacetalk

TPG Telecom (ASX:TPG) signed an agreement with Spacetalk (ASX:SPA) for the migration of the Spacetalk Mobile customer base to the TPG Telecom wholesale mobile network, according to a Monday filing with the Australian bourse.The company will provide wholesale mobile network capacity and related services, with Spacetalk still owning the customer relationship, brand experience, pricing and customer proposition, the filing said.The migration is expected to be conducted in phases starting in fiscal year 2027, per the filing.

ASX:SPAASX:TPG
Asia

Swoop Holdings Unit Secures Mobile Virtual Network Operator Deal With TPG Telecom

Swoop Holdings (ASX:SWP) said its subsidiary Moose Mobile has signed a wholesale mobile virtual network operator agreement with TPG Telecom (ASX:TPG), effective Tuesday, enabling access to TPG's nationwide mobile network, according to a same-day filing with the Australian bourse.The partnership is expected to increase the company's mobile gross margin by more than 50% between fiscal year 2027 and fiscal year 2029 through lower per-user costs, while growing its mobile subscriber base to over 180,000 from around 135,000 within three years, per the filing.The agreement is designed to enhance customer experience, expand market reach, strengthen mobile and national broadband network offerings, and support growth across residential, business, and wholesale segments, the filing added.Swoop's shares rose 2% in recent Tuesday trade, while TPG's shares fell 1%.

ASX:SWPASX:TPG
Asia

TPG Telecom Seems to Benefit From User Spin-Down, Helped by Growing but 'Crowded' Units, Says Jefferies

TPG Telecom (ASX:TPG) appears to be benefiting from customer spin-down, with strong growth in its Digital First brands and mobile virtual network operator subscribers, according to a Tuesday Jefferies note.Jefferies said that these segments are "crowded," and improvement in postpaid mobile services would be more meaningful, as this segment is significantly more profitable, while growth in the National Broadband Network business can also be better, as it contributes around 20% of earnings before interest, tax, depreciation, and amortization.Jefferies kept a hold rating on TPG Telecom and reduced its price target to AU$3.90 from AU$4.10.The company's shares fell 1% in recent Wednesday trade.

ASX:TPG
Asia

TPG Telecom Well-Positioned to Convert Value-End Subscriber Growth Into Earnings, Jarden Says

TPG Telecom (ASX:TPG) is well-positioned to convert value-end subscriber growth into earnings despite intensifying industry competition for value-end mobile share, Jarden said in a June 2 note.Given the telecommunications company's "positioning as the value brand, smallest back-book and lowest cost operator, we believe it can deliver structurally better earnings conversion on value-end industry growth," the investment firm said.TPG confirmed its fiscal year 2026 guidance while committing to a medium-term framework to deliver operating leverage. Jarden believes the share price response to the trading update, where the stock fell more than 7%, was overdone as there was no change to the forecast.The company's digital subscription expansion and capital expenditure reduction following the completion of a post-transformation investment cycle give it clear levers to improve free cash flow from fiscal year 2026 through fiscal year 2030, the equity research firm said.Jarden maintained an overweight rating on TPG with a target price of AU$4.30.

ASX:TPG
Asia

Telstra's Potential Bundling Of Mobile, NBN Services Could Limit Aussie Broadband, Superloop Market Share Gains, Jarden Says

Any further changes to Telstra Group's (ASX:TLS) core National Broadband Network (NBN) offering might represent upside or downside risk to the base case for Aussie Broadband (ASX:ABB), with any bundling of mobile and NBN services or modem unbundling, potentially limiting Telstra's share losses and thus market share gains for Aussie Broadband and Superloop (ASX:SLC), according to a Thursday note by Jarden.If any increase in the competitive intensity in the mobile segment occurs, continued pressure on competitor balance sheets as a result of reinvestment requirements may provide Telstra with the ability to increase prices by more than forecast while benefiting from its scale and network superiority.The Origin contract is a material contributor to Superloop's long-term earnings, and the loss of this contract would represent a material downside to the analyst's base case.With continued marketing investment after the MOCN deal, if TPG Telecom (ASX:TPG) is able to materially accelerate net new mobile customer adoption, this would represent upside risk to the analysts' forecasts.However, TPG is not in a position to lead the market and is likely to follow competitor leads on pricing in the mobile segment.New technologies such as 6G mobile or edge computing may require significant capital outlays.Jarden assigned Aussie Broadband a neutral rating with a price target of AU$5.50 per share, Superloop a buy rating and a price target of AU$3.40 per share, Telstra a neutral rating with a AU$5.05 per share price target, and TPG Telecom an overweight rating with a AU$4.30 per share price target.

ASX:ABBASX:SLCASX:TLSASX:TPG
Asia

ACMA Sets AU$7.32 Billion Market Value for Renewal of Spectrum Licenses Held by Telstra, TPG, Others

The Australian Communications and Media Authority (ACMA) on Wednesday set the total market value for the renewal of expiring spectrum licenses at AU$7.32 billion, slightly lower than a preliminary estimate of AU$7.34 billion released in December 2025.The licenses, held by Telstra Group (ASX:TLS), TPG Telecom (ASX:TPG), Optus, and NBN, support fixed wireless broadband and more than 30 million mobile services across Australia.The updated pricing follows public consultation and refinements to ACMA's benchmarking methodology, including additional datasets. The first renewal application periods open on June 18 for the 850 megahertz and 1800 megahertz bands."The evidence shows mobile operators will see increasing revenue over the medium term, enabling continued investment in their networks in metropolitan, regional and rural areas," ACMA said.

ASX:TLSASX:TPG
Asia

Jarden Adjusts TPG Telecom's Price Target to AU$4.30 from AU$3.95, Keeps at Overweight

TPG Telecom (ASX:TPG) has an average rating of hold and mean price target of AU$4.12, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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