If you look in my previous posts I have forewarned this. There...

If you look in my previous posts I have forewarned this.

There are additional costs for TPM, buying spectrum is like paying for cover charge at a nightclub. The fact that he is doing a rights issue for this cover charge means that the road is a long one.

The cost to build/lease towers and provide the infrastructure for 80% of the population would be capital intensive, Teoh wouldn't be able to fund it with his balancesheet, it would be too expensive to take out a loan especially with all this scrutiny. His best bet would be to go back to his trusty shareholders.

TPM would be a long play, c.10years for them to come up and compete fully with Optus/TLS. By then his spectrum would have expired, and the story repeats itself.

I really admire the deliberate play by Optus to jack up the price of spectrum and making this a hard journey for Teoh.

Teoh should learn to work together with others in the industry rather be trying to be the lone raging bull in this industry.