TPG Telecom Limited (AU:TPG) has released an update.
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TPG Telecom Limited reported a successful year with service revenue increasing by 4.3% to $4.632 billion and EBITDA up by 7.6% to $1.93 billion, leading to a confident dividend payout of 18 cents per share. The company’s mobile business outperformed industry growth with a 9.3% revenue increase, while their fixed broadband segment became Australia’s largest provider of fixed wireless services. Additionally, TPG Telecom has made significant strides in sustainability, being the first Australian telco to have net-zero emissions targets validated by the Science Based Targets initiative.
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