TPG grows mobile and broadband customers

TPG grows mobile and broadband customers

NPAT grew 41 per cent to $78.3 million and EBITDA was also up 16 per cent to $153.6 million

TPG Telecom has experienced growth among its customer base with ADSL2+ with home phone bundle plans, growing by 66,000 subscribers and its consumer broadband subscribers growing 36,000 in the first half of FY13.

It also grew its mobile subscriber growth adding 48,000 new subscribers during the six months to January 31, compared to 54,000 subscribers for the whole FY12.

As of January 31, it had 631,000 broadband customers and 303,000 mobile customers.

The growth was partially offset by a decline in standalone on-net (23,000) and off-net (7000) subscribers.

The telco’s NPAT jumped more than 41 per cent to $78.3 million and EBITDA increased 16 per cent to $153.6 million. Earnings per share also increased 39 per cent to 9.9 cents per share.

TPG’s consumer division’s EBITDA grew $20.8 million to $94.8 million, relative to the previous corresponding period. This included about $10 million in one-off benefits from back-dated rebates received during the first half-year due to the ACCC’s determinations for wholesale DSL and IIC charges levied by Telstra.

The corporate division achieved EBITDA of $57.5 million for the first half and were consistent with the previous corresponding period. The telco said the final phase of the fibre network expansion to fulfill the VHA contract was completed on schedule. This saw the telco add 766km to its fibre footprint, which now covers 3800km.

TPG has upgraded its FY13 EBITDA guidance from $263-$273 million to a new range of $285-$290 million.

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Tags TPG TelecomADSL2+


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