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TPG Telecom Limited ( (AU:TPG) ) has provided an update.
TPG Telecom Limited announced a capital management plan to return approximately $3 billion to shareholders following the sale of its fibre network infrastructure assets and Enterprise, Government, and Wholesale fixed asset operations. This return will be executed through a pro rata capital reduction of $1.52 per share and an unfranked special dividend of $0.09 per share. The company is in ongoing discussions with the Australian Taxation Office (ATO) regarding the tax implications of this distribution, with a final Class Ruling expected after the completion of the capital return and dividend payment. The plan underscores TPG’s strategic focus on optimizing its asset portfolio and enhancing shareholder value.
The most recent analyst rating on (AU:TPG) stock is a Hold with a A$5.00 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 a prominent player in the telecommunications industry, offering a range of services including mobile and broadband solutions. The company focuses on providing reliable and innovative communication services to both individual and enterprise customers across Australia.
Average Trading Volume: 1,345,304
Technical Sentiment Signal: Buy
Current Market Cap: A$10.28B
See more data about TPG stock on TipRanks’ Stock Analysis page.