TPM Share Price History
17 Jun, 2020
iBASIS Selected by TPG, Mobile Operator in Singapore, to Deliver Seamless A2P and P2P Mobile Offering
Lexington, Massachusetts--(Newsfile Corp. - June 17, 2020) - iBASIS, the leading provider of communications solutions for operators and digital players worldwide, announced that TPG Singapore has selected iBASIS to deliver instant, ultra-efficient, secure access to all Application-to-Person (A2P) services for new subscribers in Singapore. Figure 1 ...
15 Jun, 2020
Catterton, TPG Invest $848M In Facebook-Backed Jio Platforms, Bringing Company's Funding To $13.7B In 2 Months
Connecticut-based private equity firm L Catterton and Australian telecom giant TPG Telecom Ltd (OTC: TSLX) have become the latest investors in Indian behemoth Reliance Industries Ltd.'s subsidiary Jio Platforms.What Happened Catterton invested $249.32 million in the digital services arm of Reliance for a stake of 0.39%, and TPG put in $598.36 million for a 0.93% stake, Jio announced Saturday."Jio is a disruptive industry leader that is empowering small businesses and consumers across India by providing them with critical, high-quality digital services. The company is bringing unmatched potential and execution capabilities to the market, setting the tone for all technology companies to come," TPG Co-Chief Executive Officer Jim Coulter said in a statement.The investments value Jio at $67.9 billion.Why It Matters Facebook Inc. (NASDAQ: FB) acquired a 9.99% stake in Jio with an investment of $5.7 billion in April. The social media company's funding was followed by a saga of investments that has seen Jio raising $13.73 billion in less than two months.Other investors have included Silver Lake, General Atlantic, Vista Equity Partners, KKR & Co, Inc. (NYSE: KKR), Abu Dhabi Investment Authority, and Mubadala.Jio was launched publicly in 2016 as a telecom network and has since expanded into a variety of digital services in India.The company's latest plan is to capture the country's e-commerce market in partnership with the Facebook subsidiary WhatsApp. Amazon.com Inc. (NASDAQ: AMZN) and Walmart Inc. (NYSE: WMT) dominate the online sale of goods in India at the moment.TPG Price Action TPG shares closed 0.45% lower at $17.6 in the otc market on Friday.See more from Benzinga * AT&T Reportedly Considers Selling Warner Gaming Division In A Deal That Could Fetch B * ByteDance Explores Partnership With Singapore's Lee Business Family For Digital Banking License: Report * Tesla Adds Wireless Charging, USB-C Ports To US-Made Model 3 Cars: Report(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
01 Apr, 2020
Half Year 2020 TPG Telecom Ltd Earnings Call
13 Feb, 2020
TPG Telecom Ltd. and Vodafone Hutchison Australia Ltd. merger have gotten the go-ahead from a court in Australia. What Happened The merger between TPG Telecom and Vodafone Group Plc’s (NASDAQ: VOD ) ...
An Australian court approved a A$15 billion ($10.1 billion) merger between a unit of Britain's Vodafone Group and internet provider TPG Telecom on Thursday, overruling a regulator and enabling a huge rival to the country's top telcos. A Federal Court judge said a tie-up between Vodafone's joint venture with local telco Hutchison Telecommunications (Australia) Ltd and TPG would not harm competition, rejecting the Australian Competition and Consumer Commission's (ACCC) reason for blocking the deal last year.
28 Nov, 2019
Full Year 2019 TPG Telecom Ltd Earnings Call
10 Sep, 2019
Australia's antitrust regulator has hurt competition by blocking a A$15 billion ($10 billion) merger between the nation's third- and fourth-largest telecoms providers, the companies said in court on Tuesday as their legal appeal got underway. The Australian Competition and Consumer Commission (ACCC) opposed in May a combination of TPG Telecom Ltd and the local joint venture of Britain's Vodafone Group PLC on the grounds it would eliminate a potential fourth mobile network competitor. A coming together of the companies would actually encourage competition but "the pro-competitive effects of this merger are imperiled by the ACCC's opposition to it", Vodafone lawyer Peter Brereton said.