TPG Telecom Seems to Benefit From User Spin-Down, Helped by Growing but 'Crowded' Units, Says Jefferies

MT Newswires Live06-03 13:52

TPG Telecom (ASX:TPG) appears to be benefiting from customer spin-down, with strong growth in its Digital First brands and mobile virtual network operator subscribers, according to a Tuesday Jefferies note.

Jefferies said that these segments are "crowded," and improvement in postpaid mobile services would be more meaningful, as this segment is significantly more profitable, while growth in the National Broadband Network business can also be better, as it contributes around 20% of earnings before interest, tax, depreciation, and amortization.

Jefferies kept a hold rating on TPG Telecom and reduced its price target to AU$3.90 from AU$4.10.

The company's shares fell 1% in recent Wednesday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2640768549?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-03 13:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2640768549","market":"sh","top_or_hot":-1,"title":"TPG Telecom Seems to Benefit From User Spin-Down, Helped by Growing but 'Crowded' Units, Says Jefferies","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/TPGTF\">TPG Telecom</a> (ASX:TPG) appears to be benefiting from customer spin-down, with strong growth in its Digital First brands and mobile virtual network operator subscribers, according to a Tuesday Jefferies note.</p><p>Jefferies said that these segments are \"crowded,\" and improvement in postpaid mobile services would be more meaningful, as this segment is significantly more profitable, while growth in the National Broadband Network business can also be better, as it contributes around 20% of earnings before interest, tax, depreciation, and amortization.</p><p>Jefferies kept a hold rating on TPG Telecom and reduced its price target to AU$3.90 from AU$4.10.</p><p>The company's shares fell 1% in recent Wednesday trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TPG Telecom Seems to Benefit From User Spin-Down, Helped by Growing but 'Crowded' Units, Says Jefferies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTPG Telecom Seems to Benefit From User Spin-Down, Helped by Growing but 'Crowded' Units, Says Jefferies\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-06-03 13:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/TPGTF\">TPG Telecom</a> (ASX:TPG) appears to be benefiting from customer spin-down, with strong growth in its Digital First brands and mobile virtual network operator subscribers, according to a Tuesday Jefferies note.</p><p>Jefferies said that these segments are \"crowded,\" and improvement in postpaid mobile services would be more meaningful, as this segment is significantly more profitable, while growth in the National Broadband Network business can also be better, as it contributes around 20% of earnings before interest, tax, depreciation, and amortization.</p><p>Jefferies kept a hold rating on TPG Telecom and reduced its price target to AU$3.90 from AU$4.10.</p><p>The company's shares fell 1% in recent Wednesday trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TPG","symbol_name":"TPG, Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2640768549","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640768549","pubTimestamp":1780465960,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"TPG Telecom (ASX:TPG) appears to be benefiting from customer spin-down, with strong growth in its Digital First brands and mobile virtual network operator subscribers, according to a Tuesday Jefferies","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TPG":"TPG, Inc.","BK7042":"综合电信业务","TPG.AU":"TPG TELECOM LTD","BK4135":"资产管理与托管银行"},"translate_title":"杰富瑞表示，在不断增长但“拥挤”的部门的帮助下，TPG Telecom似乎受益于用户减少","themeId":"f6f7c9f6a0174df79daf9f1dfd21f836","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TPG":1.5,"TPG.AU":1},"content_text":"TPG Telecom (ASX:TPG) appears to be benefiting from customer spin-down, with strong growth in its Digital First brands and mobile virtual network operator subscribers, according to a Tuesday Jefferies note.Jefferies said that these segments are \"crowded,\" and improvement in postpaid mobile services would be more meaningful, as this segment is significantly more profitable, while growth in the National Broadband Network business can also be better, as it contributes around 20% of earnings before interest, tax, depreciation, and amortization.Jefferies kept a hold rating on TPG Telecom and reduced its price target to AU$3.90 from AU$4.10.The company's shares fell 1% in recent Wednesday trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2640768549","isCrawlerRequest":true}