Ann: TPG acknowledges ACCC decision, page-95

Well it means that NBNCO will continue squeezing profits from telco, so TPG's fixed line profit will continue declining. Without a write down, it is bad news for fixed line in this country. It also means that Telstra/NBNCO will continue to be protected by the Sims/ACCC (he won't be fired).

It also means NBNCO will continue rolling out its garbage FTTN network. That means 5G will be more of a cash cow for Telstra and Optus (but not for TPG/Voda because we'll be in court for 12-18 months).

Its all bad news for the sector and for TPG, but I think most of it has been priced in already. Labor would have been better news for TPG holders imo.