TPG Telecom's Fiber Sale Viewed With Concern -- Market Talk

Dow Jones11-04

0028 GMT - TPG Telecom's fixed-fiber network will be worth a lot more in future and its sale is viewed with concern by its bears at Morgan Stanley. The MS analysts tell clients in a note that they would have liked the Australian telecommunications provider to cut debt by scrapping its dividend rather than by selling assets. They reckon that high-bandwidth networks will eventually be valued at a premium as data demand grows. They acknowledge that TPG shares could re-rate on the company's improved balance-sheet flexibility, but nonetheless prefer Telstra and Aussie Broadband. MS keeps an underweight recommendation and A$4.40 target price on TPG, which is up 0.1% at A$4.515. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 03, 2024 19:29 ET (00:29 GMT)

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The MS analysts tell clients in a note that they ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1989772923.USD","symbol_name":"CPR Invest - Climate Action A2 Acc USD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2480731128","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480731128","pubTimestamp":1730680140,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0028 GMT - TPG Telecom's fixed-fiber network will be worth a lot more in future and its sale is viewed with concern by its bears at Morgan Stanley. 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