Aug 30 (Reuters) - Tpg Telecom Ltd (TPM) : CO & VODAFONE...

Aug 30 (Reuters) - Tpg Telecom Ltd (TPM) :

• CO & VODAFONE HUTCHISON AUSTRALIA PTY ENTER SCHEME IMPLEMENTATION DEED
• TPG SHAREHOLDERS TO OWN 49.9% OF NEW MERGED GROUP WITH VHA SHAREHOLDERS OWNING REMAINING 50.1%
• PROPOSED MERGER OF EQUALS TO ESTABLISH FULLY INTEGRATED TELECOMMUNICATIONS OPERATOR IN AUSTRALIA
• TPG- MERGER IS UNANIMOUSLY RECOMMENDED BY BOARD OF TPG
• MERGER WITH PRO FORMA ENTERPRISE VALUE OF APPROXIMATELY $15.0 BILLION
• TPG TELECOM-MERGER TO BE IMPLEMENTED VIA TPG SCHEME OF ARRANGEMENT, WITH NEW MERGED GROUP LISTED ON ASX & RENAMED "TPG TELECOM LTD" ("MERGED GROUP")
• TPG- TPG IS EXPECTED TO CONTRIBUTE NET DEBT OF APPROXIMATELY $1,672M
• TPG- DAVID TEOH, CURRENT CEO AND CHAIRMAN OF TPG, WILL BE CHAIRMAN OF MERGED GROUP
• IÑAKI BERROETA, CURRENT CEO OF VHA, WILL BE MANAGING DIRECTOR AND CEO OF MERGED GROUP
• TPG EXPECTS TO REPORT FY18 REVENUE OF ABOUT $2,490M, EBITDA OF ABOUT $840M AND NET DEBT OF $1,266M
• TPG TELECOM- TPG INTENDS TO SEPARATE ITS SINGAPORE MOBILE OPERATIONS BY INSPECIE DISTRIBUTION OF SHARES
• TPG TELECOM-MERGED GROUP, TPG SINGAPORE TO ENTER COMMERCIAL & TRANSITIONAL SERVICES ARRANGEMENT REGARDING CERTAIN SERVICES POST TRANSACTION COMPLETION
• TPG- TPG SHAREHOLDER OWNERSHIP IN MERGED GROUP WILL REMAIN UNCHANGED, WHETHER OR NOT SINGAPORE SEPARATION PROCEEDS
• TPG-DAVID TEOH, IÑAKI BERROETA, ROBERT MILLNER,SHANE TEOH, 2 VODAFONE NOMINEES, 2 HUTCHISON NOMINEES&2 NEW INDEPENDENT DIRECTORS ON MERGED CO'S BOARD

Source text: bit.ly/2LCHPfz

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