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.
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
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
Predicted Future performance -TPM
The Australian Competition and Consumer Commission will oppose the $15 billion merger between mobile phone and internet data providers TPG and Vodafone Hutchison Australia.
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|
|Address:||TPG Telecom Limited
65 Waterloo Road,
New South Wales, 2113,
iiNet. iiNet 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.
Hutchinson Telecommunications (Australia) Ltd (ASX: HTA) – Stock Price Check