TPG Telecom Ltd: Returning to growth

About the author:

Nick Harris
Author name:
By Nick Harris
Job title:
Senior Analyst
Date posted:
25 August 2023, 8:00 AM
Sectors Covered:
Telecommunications, Technology

  • TPG Telecom’s (ASX:TPG) underlying result was slightly better than expected and guidance was marginally raised. So too was capex, but because largely the transformation is going well. Returns still sit below cost of capital but are trending higher as pricing rationality remains. We expect this trend to remain positive and supportive.
  • We retain our Add and upgrade our target price to (login to view).

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