|Traded as||ASX: TPM|
|Founded||1992 as Total Peripherals Group|
|Headquarters||65 Waterloo Road
North Ryde, Australia
|Key people||David Teoh (founder, executive chairman)|
|Services||Internet service provider
|Revenue||A$724.5 million (2013)|
|Operating income||A$212.3 million (2013)|
|Profit||A$149.2 million (2013)|
|Total assets||A$998.8 million (2013)|
|Total equity||A$716 million (2013)|
TPG Telecom Limited is an Australian telecommunications and IT company that specialises in consumer and business internet services as well as mobile telephone services. As of 2013, TPG is the fourth largest internet service provider in Australia and operates the largest MVNO. As such, it has over 671,000 ADSL2+ subscribers, 358,000 landline subscribers and 360,000 mobile subscribers, and owns the second largest ADSL2+ network in Australia, consisting of 391 ADSL2+ DSLAMs.
The company was formed from the merger between Total Peripherals Group, which was established in 1992 by David Teoh, and SP Telemedia in 2008.
Total Peripherals Group was established in 1992 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.
Soul Converged Communications was an Australian telecommunications company based in Sydney. Soul's main activities revolve around telecommunications, with business and home and small business divisions. By November 2004 Soul had acquired the assets of rival IP carrier Comindico. In April 2005, it bought a 42.9 per cent stake in mobile phone company B Digital. In September 2006 Soul increased its stake in B Digital to 74.6 per cent and made a full takeover offer.
In April 2008, SOT merged with Total Peripherals Group at a cost of $150 million in cash and $230 million in shares (approximately 80 million) with TPG Owner, David Teoh becoming the largest shareholder and Executive Chairman of the combined group. On 25 November 2009, following shareholder approval, SP Telemedia Ltd (Trading as Soul) changed its name to TPG Telecom Ltd. The ASX code was changed also from SOT to TPM.
In November 2009, TPG, which already owned a substantial portion of PIPE Networks' shares, announced it intends to acquire the company. TPG completed its acquisition of PIPE for $373 million by way of scheme of arrangement on 31 March 2010, after shareholders and government bodies approved the transaction. The acquisition allows TPG to gain full control of PIPE Networks' fibre optic network in Australia and the Pipe Pacific Cable (PPC-1), connecting Sydney to Guam.
TPG, in a statement released on 14 July 2011, announced it intends to acquire IntraPower for $12.8 million. It was also stated in the statement that the Board of Directors of IntraPower recommended the shareholders of the company approve the transaction. The acquisition was completed on 30 August, allowing TPG to benefit from TrustedCloud and other IntraPower products.
On 9 December 2013, TPG purchased AAPT from Telecom New Zealand for $450 million.  The transaction allows TPG to gain control of AAPT's fibre-optic network, which extends across six Australian states and territories, and is estimated to be 11,000km in length. The transaction is expected to be finalised by February 2014.
On 7 May 2013, TPG successfully won a $13.5 million bid for two 10Mhz spectra of the 2.5Ghz band. TPG, which operates a mobile virtual network, in a statement, announced that the network would allow it to offer "value-adding" wireless broadband products to its customers. Although TPG did not reveal what the purpose of the spectra would be, the 2.5Ghz band is expected to be used as a 4G channel. The network will be switched on in October 2014.
On 17 September 2013, during TPG's financial year results presentation, it was announced that the company plans on constructing fibre to the basement (FTTB) networks, capable of offering a bandwidth of 100Mbit/s, in five major capital cities. It was also estimated that the cost of the plans would be $69.99 per month, lower than the current price of NBN plans though it excludes initial connection and setup costs. Although, final costs have yet to be determined, the network is expected to compete with the NBN, leading to calls from the research director of Ovum, David Kennedy, for NBN Co to respond competitively.
TPG Internet sells many internet services, such as dialup, ADSL, ADSL2+, EoC, Fiber and SHDSL broadband access, email services, website & domain name hosting, IPTV, VOIP solutions and virtual phone cards.
On 24 September 2010 introduced a phone-line bundled unlimited plan that included unlimited, unmetered uploads and downloads and free IPTV. TPG internet does not currently operate in Tasmania, Australia's sixth most populous state.
After a limited beta, TPG officially launched IPTV service on 12 June 2007. IPTV is available to all ADSL2+ customers on supported exchanges. It is not currently known when broadcasters from other licence areas will be provided on this service, or if the service currently available in Sydney will remain broadcasting. In the Sydney area, Free To Air Broadcasters are also made available.
The current channels, predominately news-oriented, are all free. Subscription-based channels are expected in the future.
TPG Software, trading as Catsoft, makes and sells accounting software to businesses.
TPG Boomerang TV
The number of active subscribers using the services TPG offers has increased steadily since the merger in 2008. As of July 2013, TPG has 671,000 ADSL2+ subscribers, 358,000 landline subscribers and 360,000 mobile subscribers, making it the fourth largest internet service provider and the largest mobile virtual network operator. From July 2012 to July 2013, the number of mobile subscribers increased by 105,000 and the number of broadband subscribers by 76,000.
|Broadband subscribers||Mobile subscribers|
|2011||548,000||201,000 (9,000 Soul subscribers, 192,000 TPG subscribers)|
|2010||488,000||201,000 (45,000 Soul subscribers, 156,000 TPG subscribers)|
|2009||388,000||220,000 (130,000 Soul subscribers, 90,000 TPG subscribers)|
A lawsuit over TPG's advertising campaigns was filed against TPG Telecom by the Australian Competition and Consumer Commission (ACCC) in December 2010. The ACCC accused TPG of misleading its customers by advertising that its "unlimited" broadband package only cost $29.99 per month when the actual minimum monthly cost for the plan is $59.99. The ACCC also claimed in the lawsuit that TPG did not adequately disclose other costs associated with the setting up of the connection. In response, TPG released a statement saying that it believes all costs were adequately noted in the advertisement and that it was "disappointed" with the ACCC's decision to bring the issue to court. In November 2011, the Federal Court ruled against TPG and fined the company $2 million, however the fine was reduced to $50,000 after TPG appealed to the full bench of the Federal Court. The ACCC later filed an appeal in the High Court, which was approved in August 2013.
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