No matter how you interpret the $6.3 billion deal with Vocus,TPG - which owns the number three player in the mobiles market,Vodafone - is shrinking.
Tech billionaire’s Starlink service will help future-proof up to 37 key locations across the council,with the satellites to provide an alternative to fibre cables.
Newly appointed CEO Ellie Sweeney will lead a $1 billion investment program as the telco sets its sights on picking up customers in rural and regional communities.
The Macquarie-owned telco has linked up with Elon Musk’s low-orbit satellite business Starlink to deliver high-speed internet to businesses that operate in remote or regional Australia.
The CEOs of Australia’s five biggest telcos are saying the discounts on wholesale charges provided by NBN Co during the lockdowns are “insufficient”.
Australia’s fourth biggest telco Vocus has kicked off life as a private company by further enhancing its fibre footprint.
Ongoing COVID lockdowns are not expected to stop companies opening the purse strings to pursue acquisitions or return cash to investors via buybacks and dividends.
Veteran telco executive James Spenceley says second-tier telcos offer investors more upside compared to the likes of Telstra,TPG and Vocus.
Telecommunications companies are warning proposed changes to NBN Co’s pricing structure will cost customers.
Vocus boss Kevin Russell says the telco will be better placed to win a bigger slice of the market under private ownership,as it puts a planned New Zealand IPO on ice.