TLS (ASX) Where to now for long term investors of Telstra

today on SMH. Cheap charlie teoh says "We will go after the NBN using 5g!" So they have a 5G already?

disallowed/business/companies/15b-vodafone-tpg-merger-to-go-ahead-after-accc-decides-not-to-appeal-20200305-p5471m.html

Teoh signals TPG-Vodafone ready to take on NBN as ACCC passes on appeal
By Zoe Samios
Updated March 5, 2020 — 1.17pmfirst published at 9.34am
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Enigmatic telco entrepreneur David Teoh has signalled a combined TPG Telecom-Vodafone will seek to use 5G fixed wireless services to take on the National Broadband Network in the residential internet market.
Mr Teoh, executive chairman of TPG, is poised to become chairman of the merged company after the competition regulator said it wouldn’t appeal a court ruling allowing the $15 billion tie-up to proceed.

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“A great relief for all of us here,” Mr Teoh said when asked about the news.
The combined company's assets, including fibre links and spectrum, would put it on a strong footing to compete in both mobile and fixed-line markets, including potentially through the sale of wireless services that compete directly with the NBN, he said.
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"We certainly can come up with a good network and a good product that will benefit the consumer" he said.
[There is a] tremendous opportunity in the marketplace with the 5G fixed wireless opportunity, so the future is very bright for the merged company."
'A great relief for all of us here.'
TPG executive chairman David Teoh
TPG released its half-year financial result on Thursday, upgrading earnings forecasts for the full year. Revenue for the half was up 0.9 per cent to $1.25 billion. Net profit more than doubled to $144 million.
ACCC chair Rod Sims said the competition regulator did not have grounds for an appeal.

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MERGERS & ACQUISITIONS
No regrets: ACCC's Sims defends blocking Vodafone-TPG tie-up after court clears merger
“Despite this outcome, we will continue to oppose mergers that we believe will substantially lessen competition, because it’s our job to protect competition to the benefit of Australian consumers," Mr Sims said.
The Federal Court in February gave the merger the green light, overturning the ACCC's earlier ruling that the tie-up would harm consumers.
Vodafone launched court action last year after the ACCC found the two companies should not be allowed to merge because it would stop any chance of TPG becoming Australia’s fourth mobile network operator as a new competitor to Telstra, Optus and Vodafone.
TPG had previously signalled plans to enter the mobile market by building its own 4G network.

TPG's David Teoh said it was "a great relief" that ACCC boss Rod Sims had decided the competition watchdog would not appeal a Federal Court ruling allowing the TPG-Vodafone merger to go ahead.CREDIT:EDDIE JIM, LOUIE DOUVIS
The ACCC's view was that a fourth mobile player would drive down prices for mobile phone plans, but the Federal Court threw out this ruling last month.
TPG Telecom said it is now forecasting financial year earnings before interest, tax, depreciation and amortisation to be between $775 million and $785 million, up from a previous range of between $735 million and $750 million.
A fully franked interim dividend of 3¢ per share will be paid on April 14. In early afternoon trade, TPG shares were up 7.6 per cent to $8.10.

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