Telstra shares fell 6 per cent this morning on news TPG is building an Australian mobile network.

TPG to build 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.

iiNet parent TPG has secured premium spectrum in the 700 megahertz band for $1.26 billion, and will spend a further $600 million building a mobile network consisting of equipment that will be deployed at up to 2,500 sites, plus small cell sites across the country, that will cover 80 per cent of the population.


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Total Shareholder Return as at 30/09/16

1 year TSR5 year TSR
550thTPG Telecom-20%46%
711 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar


th-TPG Telecom$2,480.5m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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