TPG tpg telecom limited.
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News: TPG TPG Telecom Responds To Australian Competition Tribunal Determination

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    21/06/23
    11:05
    Post #: 68395060

    June 21 (Reuters) - TPG Telecom Ltd (TPG) :

    • RESPONSE TO AUSTRALIAN COMPETITION TRIBUNAL DETERMINATION
    • RECEIVED NOTICE THAT AUSTRALIAN COMPETITION TRIBUNAL HAS DECLINED TO AUTHORISE ITS REGIONAL NETWORK SHARING ARRANGEMENT WITH TELSTRA
    • FY23 EARNINGS GUIDANCE RANGE UNCHANGED
    • WILL REVIEW TRIBUNAL’S DETERMINATION BEFORE CONSIDERING ITS OPTIONS FOR FURTHER APPEAL INCLUDING A JUDICIAL REVIEW IN FEDERAL COURT
    • CURRENT TPG MOBILE NETWORK WILL CONTINUE TO SERVE CUSTOMERS ACROSS AUSTRALIA REGARDLESS OF TODAY'S DECISION
    • IF REGIONAL NETWORK SHARING ARRANGEMENT NOT PROCEED, FUTURE CAPITAL EXPENDITURE PLANS TO BE ADJUSTED FOR HIGHER SHORT-TERM INVESTMENT
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