hmm, im not seeing it;
I only get around $1810m when adding TPG+VHA EBITDA (estimating for FY18), their numbers say $2254 which is 25% more
VHA has 'net service revenue' of $2437, which i expect is where the saving would have to come from, the larger number includes handsets and call termination revenue which i dont think there would be savings from.
And if we assume the TPG ship is already cut to the bone, and synergies are coming from VHA opex, which i think is that $2437 minus their EBITDA of $972m, it means they are chasing $472m from the $1465.
They expect to reduce VHA opex to $1b, from near $1.5b, thats a lot.
(i could easily be overlooking something in those numbers, happy to be corrected)
hmm, im not seeing it; I only get around $1810m when adding...
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