News: TPM Australia's TPG expects H1 writedown after dumping Huawei-supplied mobile network

Feb 26 (Reuters) - Australia's TPG Telecom Ltd (TPM) on Tuesday said it expects a capital expenditure write-down after abandoning the building of a mobile network last month due to an Australian ban on the use of equipment from Huawei Technologies Co Ltd .

TPG, which is awaiting regulatory approval for its merger with the Australian arm of Britain's Vodafone Group PLC VOD.L , said it expects a write-down of A$76 million ($54.48 million) in its mobile network capital expenditure. ($1 = 1.3951 Australian dollars)