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TPG, Optus and Nokia partner for emergency services mobile broadband platform TPG, Optus and Nokia partner for emergency services mobile broadband platform TPG will lead proof-of-concept trial. Iñaki Berroeta (TPG Telecom) Credit: TPG TPG Telecom and Optus are set to trial the national Public Safety Mobile Broadband (PSMB) network to improve access to information for emergency service organisations. The telecommunications providers will team up with network builder Nokia to create a proof-of-concept for the new PSMB.  According to the NSW government, which is backin...

iTWire Tuesday, 06 April 2021 20:03 TPG Telecom appointed lead operator to deliver 'Public Safety Mobile Broadband' trial Shares TPG Telecom has announced its appointment as "the lead Mobile Network Operator to deliver the multi-operator Public Safety Mobile Broadband (PSMB) network Proof of Concept (PoC) trial in partnership with Nokia." The trial program, signed by the New South Wales Government on behalf of all states, territories and the Commonwealth, will provide "a mobile broadband platform for emergency service organisations aimed at improving access to information, pro...

TPG Telecom has posted strong full year FY2021 financials for its first post-merger result, thanks to an increase in market share for fixed-line NBN and strong enterprise sales. In the 12 months ended 31 December 2020, TPG reported net profit after tax of $734 million, revenue of $4.35 billion and EBITDA of $1.39 billion. All metrics represented sizable increases from the previous year as the FY2019 full year results only accounted for Vodafone’s full year financials and just six months of TPG’s financials at the time. Contributing to the revenue included a 6 percent increase in its fixed...

Pretax profit ($m) -86 v -280   Net profit ($m) 734 v -280 Interim dividend 7.5c payable on April 14  TPG Telecom has swung to an after-tax profit of $734 million in its first full-year result since merging with Vodafone Hutchinson Australia, thanks largely to a one-off tax credit that lifted the bottom line into the black. The company said the $820 million tax credit arose due to historical tax losses that had accumulated on Vodafone’s balance sheet and were now able to be used. TPG Telecom chief executive Iñaki Berroeta.   Louie Douvis Still, chief executive Iñaki Ber...

TPG estimates $90M hit from COVID, NBN and regulatory headwinds TPG estimates $90M hit from COVID, NBN and regulatory headwinds First results posted since VHA merger. Iñaki Berroeta (TPG Telecom) Credit: TPG TPG Telecom has estimated the financial impact from COVID-19 at $90 million to its reported earnings before tax, in addition to NBN and regulatory headwinds, in its full financial year results ending 31 December. Despite this, the telco remained particularly optimistic that its earnings before tax (EBITDA) and net profit were ‘resilient’ in a year full of ch...