TPG raises earnings forecast

By
Follow google news

Stronger than expected growth in past four months.

TPG Telecom has upgraded its guidance for the 2010-11 financial year, now expecting earnings to be as high as $225 million.

TPG raises earnings forecast

The company said today that its new guidance for earnings before interest, tax, depreciation and amortisation (EBITDA) would be $215 million to $225 million, considerably higher than the previous $210 million to $216 million range.

The ISP reported growth across its businesses in the four months to November 2010.

It added 28,000 on-net broadband subscribers, 27,000 TPG home phone and 11,000 mobile subscribers in the past four months.

The ISP also said it was "positioned strongly to compete in an NBN world".

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © iTnews.com.au . All rights reserved.
Tags:

Most Read Articles

ANZ Banking Group wants better value from its tech vendors

ANZ Banking Group wants better value from its tech vendors

ANZ CEO backs Plus tech stack, but changes "inefficient" delivery

ANZ CEO backs Plus tech stack, but changes "inefficient" delivery

Macquarie Bank's digital chief to join Westpac

Macquarie Bank's digital chief to join Westpac

Westpac looks to broad AI integration within the business bank

Westpac looks to broad AI integration within the business bank

Log In

  |  Forgot your password?