The thing i like is that they have 24,000 customers on their FTTB which isn't owned by the NBN, its also a superior product as you get higher speeds then all but the top nbn plan (100/50), unlimited downloads all for $60PM. Compare that to NBN prices.
This is massive because it means that for 24K customers TPG isn't paying fees to NBN like all the other Telco providers. And that's why alot of them have been going down as the overheads that have to be paid for a install of the NBN doesn't leave much profit.
That and a growing corporate client base and then expansion overseas.
Singapore has a growing population in a small geographically sized country making it ideal for a telco business, as with little infrastructure you can cover the whole country.
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