iiNet purchase helps TPG boost 1H16 profit by 90%

AustraliaTelecom Asia — Australian fixed-line operator TPG Telecom has reported a 90% surge in net profit for the half year ended in January, thanks largely to gains associated with its acquisition of rival iiNet. Profit for the period grew to A$202.4 million ($153.2 million). TPG’s bottom line was lifted by a A$73.1 million gain on the group’s previously held stake in iiNet, as well as an A$9.7 million profit from a disposal on part of its stake in fiber network operator Vocus Communications.

Tas govt wrings TPG ‘review’ from internet slowdown

AustraliaIT News — The Tasmanian government has secured a commitment from TPG to “review” its Bass Strait cable capacity for brands including iiNet and Internode as major internet access issues dragged into a second day. IT minister Michael Ferguson said he had “spoken to TPG senior management” about the ongoing connectivity issues, which had reduced many fixed line services to dial-up speeds.

TPG close to passing 1000 buildings with fibre

AustraliaIT News — Internet service provider TPG has activated 995 buildings across the country with fibre, as the national network builder races to keep up. The monthly list of the premises activated on TPG’s fibre-to-the-premise network, sent out to resellers early this month, reveals the ISP is nearing the 1000 mark for its controversial network.

TPG to build Vodafone dark fibre network in $1bn deal

AustraliaIT News — Vodafone and TPG have signed two deals worth more than $1 billion which will see TPG build a dark fibre network for Vodafone and migrate its own wholesale mobile customer base away from Optus to Vodafone. TPG will extend its current fibre infrastructure by around 4000km nationally to provide dark fibre to 3000 Vodafone cell sites, the majority of the telco’s sites. The deal will span 15 years from the point each site is connected.

Telcos riled by ACCC broadband monitoring plan

AustraliaIT News — The competition regulator is on a collision course with the telecommunications industry over its plan to measure the performance of fixed broadband services. At the Australian Communications Consumer Action Network’s (ACCAN) annual national conference yesterday, Australian Competition and Consumer Commission (ACCC) chairman Rod Sims called on consumer advocates to lend their support to the proposal.

ACCC defends approval of TPG/iiNet merger

AustraliaIT News — ACCC chairman Rod Sims has defended his decision to approve TPG’s takeover of iiNet, but admitted it was not a “black and white” issue. In a speech delivered to the ACCAN national conference in Sydney today, Sims also revealed a major decision on backhaul pricing determination was just “days away”.

Aussie telcos push for severe restructure of ACMA

AustraliaIT News — Australia’s telcos have put forward their proposals for the future of communications regulator ACMA, with the country’s two largest carriers recommending the regulator be severely wound back or scrapped altogether. In June the government announced it would conduct a root and branch review of the ACMA to determine whether the regulator was fit for purpose in a “rapidly changing” sector.,aussie-telcos-push-for-severe-restructure-of-acma.aspx

M2 hunting for a takeover following TPG’s iiNet deal

AustraliaIT News — M2 Group chief executive Geoff Horth is on the prowl for potential acquisitions in both the telco and energy markets in the wake of TPG’s approved takeover of iiNet. The deal, described as “bittersweet” by iiNet founder Michael Malone, will see Optus, Telstra and TPG/iiNet claim a combined total of around 80 percent of the Australian broadband retail market.,m2-hunting-for-a-takeover-following-tpg8217s-iinet-deal.aspx

TPG opens Layer 2 FTTB product for wholesale

AustraliaIT News — TPG is now offering wholesale partners the opportunity to access its fibre-to-the-basement network through a Layer 2 product for $27 per month, as demanded by the government’s carrier license conditions. Last December the government revealed carriers, such as TPG, who compete with the NBN would need to offer non-discriminatory wholesale access to their networks and structurally separate their retail and wholesale businesses.,tpg-opens-layer-2-fttb-product-for-wholesale.aspx

TPG’s iiNet takeover is ‘bittersweet’ for Michael Malone

AustraliaIT News — iiNet founder and former chief executive Michael Malone feels bittersweet about TPG’s takeover of his internet service provider, after the deal was approved by the ACCC yesterday. iiNet will now cease trading as part of the S&P/ASX 200 Index after the close of trading on August 24. The $1.56 billion acquisition of iiNet will see TPG overtake Optus as the country’s second-largest provider of retail broadband services.,tpgs-iinet-takeover-is-bittersweet-for-michael-malone.aspx

Meet Australia’s new number two broadband provider

AustraliaIT News — The competition regulator’s approval of TPG’s proposed acquisition of iiNet today will mean Telstra has a new fixed-line rival nipping at its heels. The ACCC was able to overcome its initial concerns about the effect the merger would have on competition to give the buyout the official stamp of approval. The $1.56 billion takeover of iiNet will allow TPG to leapfrog Optus to become the country’s second-largest provider of retail broadband services.,meet-australias-new-second-biggest-broadband-provider.aspx

Brandis urged to dump telco security reforms, from AU

AustraliaIT News — Australia’s telecommunications sector is continuing its crusade against the government’s proposed industry security reforms, with submissions to the draft legislation revealing universal opposition to the suggested changes. The Attorney-General’s Department released its ‘telecommunications sector security reforms’ in June. The sweeping draft laws would see telcos forced to hand over sensitive information about network changes and procurement plans in order to address national security risks.,brandis-urged-to-dump-telco-security-reforms.aspx

Disconnecting from the internet of stupid things, from AU

AustraliaIT News — Carwardine joined the Navy at 15 and spent the next 15 years on Naval destroyers and in submarines before deciding to pack it all in to write code for Qantas. Turns out being underwater and being a father were not compatible occupations. But there are a few parallels between manning a military vessel and heading up IT and network operations for a multi-channel telecommunications group.,disconnecting-from-the-internet-of-stupid-things.aspx

TPG’s iiNet takeover edges closer to reality

AustraliaTPG inched closer to attaining its hard-fought goal of buying out rival internet service provider iiNet yesterday, but it faces a nerve-wracking wait to learn the deal’s regulatory fate. iiNet and TPG yesterday registered their scheme booklet with the Australian Securities and Investment Commission (ASIC) after an independent reviewer found the $1.56 billion share and cash-based offer to be “fair, reasonable and in the best interests of shareholders”.,tpgs-iinet-takeover-edges-closer-to-reality.aspx

TPG’s iiNet takeover could hurt services, competition: ACCC

AustraliaAustralia’s competition watchdog has raised concerns that the takeover of internet service provider iiNet by rival TPG would substantially lessen competition in the market and negatively affect customer service. The ACCC today outlined its preliminary stance on TPG’s proposed $1.56 billion acquisition of iiNet and approached the market for views on the effect the takeover would have on both the industry and end users. TPG’s acquisition of iiNet would merge two of the five biggest fixed broadband providers into the country’s second largest behind Telstra.,accc-worried-tpgs-iinet-takeover-will-affect-services-competition.aspx

TPG creates new retail arm for FTTB, from AU

AustraliaTPG has created a new retail arm to sell its wholesale fibre-to-the-basement product to residential customers. The internet service provider is required under the Government’s carrier license condition to functionally separate its retail and wholesale businesses due to the competitive threat its FTTB network posed to the national broadband network. Announced last December, ISPs such as TPG were required to offer non-discriminatory wholesale access to their networks by January this year and split out their retail and wholesale operations by June 30.,tpg-creates-new-retail-arm-for-fttb.aspx

TPG creates new retail arm for FTTB, from AU

AustraliaTPG has created a new retail arm to sell its wholesale fibre-to-the-basement product to residential customers. The internet service provider is required under the Government’s carrier license condition to functionally separate its retail and wholesale businesses due to the competitive threat its FTTB network posed to the national broadband network. Announced last December, ISPs such as TPG were required to offer non-discriminatory wholesale access to their networks by January this year and split out their retail and wholesale operations by June 30.,tpg-creates-new-retail-arm-for-fttb.aspx

TPG boosts iiNet bid to $1.56bn, wins board’s backing

AustraliaTPG has upped its bid for iiNet to $1.56 billion and offered shareholders a choice of shares or cash, gaining the iiNet board’s support for its new bid over that of rival M2. iiNet last week gave TPG a chance to increase its March $1.4 billion all-cash offer after receiving a $1.6 billion scrip-based bid from M2. Today iiNet announced TPG had boosted its offer to $9.55 per iiNet share, including a $0.75 special dividend.,tpg-boosts-iinet-bid-to-156bn-wins-boards-backing.aspx

iiNet board gives TPG chance to raise bid, from AU

AustraliaiiNet’s board has today given TPG an opportunity to raise its $1.4 billion bid for the company to either match or better rival M2’s $1.6 billion offer. M2 sparked a potential bidding war for iiNet this week when it revealed it had exceeded TPG’s March offer with an all-scrip $1.6 billion bid for the in-demand internet service provider. The deal would see iiNet shareholders receive 0.803 of an M2 share per iiNet share and a 75c special dividend.,iinet-board-gives-tpg-chance-to-raise-bid.aspx

TPG beats NBN in court battle over FTTB, from AU

AustraliaTPG has successfully defended itself against NBN (formerly NBN Co) over misleading and deceptive conduct claims arising from its rollout of fibre-to-the-basement. In October last year NBN took Pipe Networks’ parent company TPG to court in NSW over its plans to use the power supply in apartment blocks to roll fibre into the buildings. NBN had claimed the telco was misleading strata managers and building owners by informing them it was legally able to access and draw power from existing sockets.,tpg-beats-nbn-in-court-battle-over-fttb.aspx

M2 makes $1.6bn play for iiNet, from AU

AustraliaInternet service provider M2 Telecommunications has sparked a bidding war for iiNet, coming in with a higher, all-scrip offer than TPG’s March offer of $1.4 billion.  M2’s play at iiNet today offered $11.37 per share, giving the company an enterprise value of $2.25 billion. Excluding $1.37 per share of estimated synergies, the deal sits around $1.6 billion. TPG in March offered to take over iiNet in an $1.4 billion all-cash deal. M2 today said it would operate iiNet as a standalone brand, and had extended an offer for two iiNet directors to join its board, should the deal go through.,m2-makes-15bn-play-for-iinet.aspx

TPG posts strong results ahead of proposed iiNet buy

AustraliaInternet service provider TPG has posted strong customer and revenue growth as it works toward taking over rival ISP iiNet. TPG recorded an 18 percent rise in net profit for its first half of fiscal 2015, to $107 million.  Its consumer broadband subscriber base grew by 38,000 to reach 786,000, buoyed by the addition of 17,000 customers on TPG’s own fibre-to-the-basement network and wholesale NBN plans, and 21,000 DSL customers.,tpg-posts-strong-results-ahead-of-proposed-iinet-buy.aspx

TPG to buy iiNet for $1.4 billion

TaiwanInternet service provider TPG has made a $1.4 billion play for iiNet, in a move that will see the combined group leapfrog Optus to become the country’s second largest broadband provider. The buyout will create a telco with combined revenues of $2.3 billion. The deal would see TPG’s customer base balloon to 1.7 million subscribers – including iiNet’s more than 60,000 NBN and fibre subscribers – “delivering scale benefits in an NBN environment”.,tpg-to-buy-iinet-for-14-billion.aspx

TPG puts FTTB plan back on sale

AustraliaTPG has put an NBN rival fibre-to-the-basement plan back on sale after being forced to stop taking new orders following the introduction of new carrier license conditions. The federal government introduced new conditions for providers like TPG last year, requiring them to open their FTTB networks to others for wholesale use by January 1, and structurally separate their retail and wholesale businesses by July 1.,tpg-puts-fttb-plan-back-on-sale.aspx

TPG stops selling NBN FTTB rival, from AU

TPG has withdrawn its fibre-to-the-basement NBN competitor from sale after the federal government introduced new regulations forcing the carrier to structurally separate its retail and wholesale businesses. TPG this week advised on its website that it had been forced to stop selling its FTTB product due to an insufficient amount of time given by the Government to meet the first of its new requirements by the stated date of January 1 2015.,tpg-stops-selling-nbn-fttb-rival.aspx

3 reasons to like Telstra Corporation Ltd and TPG Telecom Ltd

Tech stocks are always interesting to follow and in some cases can be can be quite profitable for investors. Telstra Corporation Ltd (ASX: TLS) and TPG Telecom Ltd (ASX: TPM) are up 45% and 201% respectively over the last two years. However, that isn’t the end of the story. Here are three reasons why you should like what both companies have planned in the near future. If you don’t have a tech stock in your portfolio already, one of them may be a good addition.