TPG spends big to take on mobile rivals

TPG Telecom will build Australia's fourth mobile network, taking on Telstra, Optus and Vodafone Australia.

THE KEY COMPONENTS OF TPG'S PLANS TO BUILD A MOBILE NETWORK

* Paying $1.26 billion for premium mobile spectrum - radio frequencies allocated to mobile industry and other sectors for communication over airwaves. This will support TPG's 4G mobile network, allowing it to compete with other spectrum owners Telstra, Optus and Vodafone Australia.

* Will spend another $600 million on a network to cover about 80 per cent of population. It will deploy equipment at up to 2,500 sites across Australia, and already has a fibre network.

* Already has 1.9 million fixed-line broadband subscribers and 500,000 mobile customers, who currently use Vodafone Australia's network.

* Expects its mobile network to breakeven with only 500,000 subscribers, or market share of about 2 pct.

* Telstra has about 17.4 million mobile customers, Optus 9.6 million and Vodafone Australia 5.6 million.


Share
Published 12 April 2017 4:04pm
Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world