Will TPG stock price recover after merger block news leaked?

| May 8, 2019 | 0 Comments

Not many know that TPG stands for Total Peripherals Group, but that is really irrelevant with price bounce that is happening right now with the leak of the TPG and Vodafone Merger decision one day earlier than expected by ACCC.

tpm Telecom

If you never heard of TPG, TPG Telecom Limited provides telecommunication services to residential users, small and medium enterprises, government, large corporate enterprises, and wholesale customers in Australia and internationally

TPG and Hutchison Australia’s shares plummeted after the ACCC inadvertently published the news on its mergers register this afternoon before the market had closed. This announcement was supposed to be made on 9/05/2019.

Stock price today

share prices today asx

TPG price was sitting at the $5 mark right before them announcing their intention to merge with Vodafone.

Let’s look at the stock price timeline  for TPG

In August 2018, TPG and Vodafone Hutchison Australia announced their intention to merge, with TPG holding a 49.9% stake in the merged company

 

18 July 2018  Opening price $5.45

01 August 2018 Opening price $5.74 [month proposed merger announced]

20 August 2018 Opening price $6.03

30 August 2018  Opening price $8.44

09 October 2018  Opening price $7.98

21 February 2019  Opening price $6.70

01 April 2019  Opening price $6.90

08 May 2019  Closing price $6.09 [Merger Blocked by ACCC]

 

Price history before and after merger block announcement  for TPM

 

Snapshots from simply wallst -Financials

revenue history

Predicted Future performance -TPM

share performance

[ pics from – https://simplywall.st/stocks/au/telecom/asx-tpm/tpg-telecom-shares#info ]

 

 

The Australian Competition and Consumer Commission will oppose the $15 billion merger between mobile phone and internet data providers TPG and Vodafone Hutchison Australia.

telecom competitors

The current market share is controlled by big mobile network operators Telstra, Optus and Vodafone who control more than 87 per cent of the market between them. In fixed broadband Telstra, TPG and Optus share 85 per cent of the market.

Total Peripherals Group was established in 1986 by Malaysian-born Australian businessman David Teoh, as an IT company that sold OEM computers and later moved to provide internet and mobile telephone services.

TPG has been using Optus for its contract-free, SIM-only mobile calls, text and data plans, but the telco’s T4G plan critical information summary has been updated with references to Vodafone’s 2G/3G/4G mobile network — carrying 320,000 mobile network customers across with it.

Name: TPG Telecom Limited
Ticker: TPM
Exchange: ASX
Founded:
Market Cap: A$6,513,236,680
Shares outstanding: 927,811,493
Website: http://www.tpg.com.au
Address: TPG Telecom Limited
65 Waterloo Road,
North Ryde,
New South Wales, 2113,
Australia

iiNetiiNet Limited is Australia’s second-largest internet service provider with more than 1.3 million customers as of 15 August 2011. It was acquired by TPG Telecom in September 2015 for $1.56 billion, but retained its retail brand name in the market

TPG scrapped its plans for a 5G network in late January as it blamed the Federal Government’s ban on Huawei equipment for use in the national infrastructure.

Vodafone 

Hutchinson Telecommunications (Australia) Ltd (ASX: HTA) –  Stock Price Check

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Category: 2019, Stock Price, Tech Stocks

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Playing the Australian stock market for ages Dont judge me , just listen

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