TPG Telecom (TPM): Growing stronger on fibre diet
Livewire
TPG Telecom (TPM): Growing stronger on fibre diet. Following its 1H14 result, we resume coverage on TPG Telecom with an Outperform recommendation and $7.00/sh target price. TPG continues to deliver stellar results with underlying revenue and EBITDA up 10.5% and 11.9% respectively. Additionally a 4.5cps div was declared. We see operational leverage from TPG's fixed line assets. Outlook is driven by strong cash flows, an unrivalled cost base and its infrastructure set
The Livewire Equities feed brings you a range of insights that relate to Australian equities
Expertise
No areas of expertise
The Livewire Equities feed brings you a range of insights that relate to Australian equities
Expertise
No areas of expertise