TPG Telecom Limited, formerly Vodafone Hutchison Australia Limited, was listed on the Australian Securities Exchange on 30 June 2020. On 13 July 2020, this newly listed company will merge with TPG Corporation Limited to bring together the resources of two of Australia’s largest telecommunications companies, creating the leading challenger full-service telecommunications provider.
The merger will combine highly complementary network infrastructures and leading talent in Australia’s mobile and fixed broadband sectors, with an integrated offering that leverages a comprehensive portfolio of fixed and mobile products. The new TPG Telecom (“TPG Telecom”) will operate a number of leading mobile and internet brands including Vodafone, TPG, iiNet, Internode, Lebara and AAPT.
TPG Telecom will own and operate nationwide fixed and mobile network infrastructure, including:
- Australia’s second-largest fixed voice and data network, with more than 27,000 kilometres of metropolitan and inter-capital fibre networks;
- International subsea cable systems connecting Australia to major hubs in North America and Asia; and
- a leading mobile network comprising more than 5,600 sites, including a 4G network covering over 22 million Australians, a 5G network currently being rolled out in selected areas of Australia, international transit capacity, and a strategic portfolio of spectrum assets.
The combination of these assets creates exciting opportunities for TPG Telecom to grow market share in its existing businesses and, importantly for the future, invest in 5G technologies that will deliver faster services and offer more competitive value to Australian customers.
We are excited by the opportunities and benefits this merger will bring to the consumers and businesses of Australia and welcome existing and new investors to the TPG Telecom opportunity.