0057 GMT - TPG Telecom probably needs to add 75,000 net new mobile subscribers from its network-sharing agreement with Optus to break even on the deal, Goldman Sachs analysts write in a note. They tell clients that TPG needs to grow its subscriber base by this much if it is to achieve its expectation for cash flows from the deal to break even by fiscal 2026. Looking further ahead, Australia's No. 3 mobile provider needs to add 220,000 new users by fiscal 2030, when 5G network costs will peak. TPG, which operates brands including Vodafone Australia, had 5.15 million pre- and post-paid mobile users at Dec. 31, 2023. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 30, 2024 20:57 ET (00:57 GMT)
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