ADVISOR WATCHLIST
Telstra , over this period . However , this is now all behind TPG and they can look forward with multiple positive catalysts on the horizon . With borders reopened , management recently pointed to growth in mobile customers and this should accelerate as we move through 2022 . The recent network sharing agreement signed with Telstra for regional and outer suburban areas should assist TPG in gaining share in regional areas as well as growing their customer base in metro areas for those who also want regional coverage . A significant headwind for TPG has been the rollout of the NBN as it caused significant falls in consumer broadband margins however this has now largely run its ’ course and given TPG ’ s customer base , TPG should be able to convert many to fixed wireless products rather than reselling NBN . The final piece is valuation . TPG is cheaper than Telstra and significantly cheaper than listed consumer broadband businesses . It is important to note that TPG owns extensive fibre infrastructure as well as an extensive network of mobile towers , both of which could unlock significant value .
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