TPG Telecom has not changed its earnings guidance

TPG will review the Tribunal’s determination before considering its options for further appeal
including a judicial review in the Federal Court.
“We are not giving up on regional Australia and will consider our options as well as advocating for
policy reform that will deliver greater competition and choice in the regions that need it most”, Mr
Berroeta said.
TPG Telecom’s mobile network currently reaches around 96 per cent of the Australian population
with around 750 sites operating in regional areas. The current TPG mobile network will continue
to serve customers across Australia regardless of today’s decision.
“Our customers will continue to receive the great mobile service they experience today and we will
continue to improve our mobile network coverage and complete our 5G rollout”, Mr Berroeta said.
FY23 earnings guidance range unchanged despite cost impacts
TPG Telecom has not changed its earnings guidance1 for EBITDA of $1,850 million to
$1,950 million for the financial year ending 31 December 2023 (FY23) following the Tribunal’s
determination, despite one-off transaction costs of approximately $20 million to $25 million now
being included within this EBITDA range.
Mr Berroeta said: “Our ability to hold our FY23 guidance range despite these additional costs
reflects our resilient service revenue performance and strong operating cost discipline in the first
half of FY23 to date.”
The Company said that if the regional network sharing arrangement does not ultimately proceed,
future capital expenditure plans may need to be adjusted for higher short-term investment at sites
within its existing regional network, which would have been decommissioned or moved to the
MOCN.