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The latest update is out from TPG Telecom Limited ( (AU:TPG) ).
Washington H. Soul Pattinson and Company Limited and related entities have ceased to be substantial shareholders in TPG Telecom after selling 61,525,000 ordinary shares. The block sale, worth approximately $244.9 million, removes Soul Patts and associates from TPG’s substantial holder register, potentially broadening the company’s shareholder base and altering its long-term institutional ownership profile.
The change in holding follows a previous substantial holder notice lodged in late March 2026, indicating a rapid exit from the position within weeks. While the filing provides no details on the buyer or strategic rationale, the disposal by a long-standing investor may prompt renewed scrutiny of TPG’s register and capital markets positioning as shares move into new hands.
The most recent analyst rating on (AU:TPG) stock is a Buy with a A$3.95 price target. To see the full list of analyst forecasts on TPG Telecom Limited stock, see the AU:TPG Stock Forecast page.
More about TPG Telecom Limited
TPG Telecom Limited is an Australian telecommunications company listed on the ASX under the ticker TPG. The group provides fixed-line and mobile services, including broadband and data connectivity, to residential, business and wholesale customers across Australia.
Average Trading Volume: 5,275,017
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$7.93B
See more insights into TPG stock on TipRanks’ Stock Analysis page.