Ann: TPG launches A$300m underwritten placement, page-8

Perhaps they're looking to take out Telstra

With the recent VOC and Nextgen announcement in building a PER-SIN cable, Teoh might be looking to play chess with VOC and buy Nextgen.

TPM have huge local assets but are simply a customer when buying international carriage.

I await the placement price where us chumps can choose to buy in.