News Articles for David Teoh

TPG Telecom chairman David Teoh has resigned after many years developing the major force in the Australian telecommunications industry, and shares fell to a record low.

TPG shareholders have voted in favour of the internet service provider's merger with Vodafone Hutchison Australia.

TPG and Vodafone are a step closer to completing their planned $15 billion merger after the competition watchdog announced it would not appeal a Federal Court decision allowing the deal to proceed.

A $15 billion merger between Vodafone Australia and TPG Telecom has been given the green light in the federal court, but the consumer watchdog says it will cause mobile data prices to rise.

TPG Telecom's $2 billion plan to build Australia's newest mobile network looks to be in tatters because of the federal government's ban on using equipment from China's Huawei.

Three telco groups, including TPG and UK-based Dense Air, have spent $19 million securing 5G spectrum lots in Western Australia as part of an auction run by the Australian Communications and Media Authority.

TPG Telecom has reported a 4.6 per cent drop in full-year profit to $396.9 million after the NBN hit broadband margins and home phone revenue.

TPG Telecom shares have slumped in their first trading session since the internet provider launched a capital raising to help fund its plan for its own mobile network.

Telstra shares fell today after internet provider TPG Telecom said it would build Australia's fourth mobile network for about $1.9 billion, after securing much-needed mobile spectrum in a government auction.

TPG Telecom has reaffirmed its annual earnings guidance in a bid to ease investor concerns, a week after rival Vocus Communications spooked the market with its worst-than-expected earnings update.

After five consecutive years at the top of Forbes Australia's rich list, mining magnate Gina Rinehart is no longer Australia's wealthiest person.

Subiaco-based iiNet is a major sponsor of the Hawthorn Football Club with its HQ almost next door to where the Hawks meet West Coast Eagles tonight, yet we haven't seen the same kind of enthusiasm

The final step in TPG Telecom's takeover of iiNet is due to happen today, when iiNet shareholders will be paid $9.55 per share, however, staff and customers face an uncertain future.

As companies seek growth outside of WA, the reasons to remain domiciled here diminish.

The March quarter was a quiet period for M&A transactions in WA, although the deals that were announced attracted their fair share of controversy. Click through to see details on 78 WA deals worth $2.4 billion.

Founder and minority shareholder of iiNet, Michael Malone, has emerged as another critic of the $1.4 billion agreed takeover of his former company, as chairman Michael Smith sought to defend the deal with rival TPG Telecom.

Sydney-based TPG Telecom and its competitor iiNet scored a rare double today after announcing a friendly takeover offer, with shares in both the bidder and its Subiaco-based target rising strongly as investors welcomed the combination as a logical strategic fit.