Teoh was speaking at TPG’s AGM in Sydney. He told shareholders that Telstra’s biggest advantage was its extensive network, covering most of the nation’s central business districts.
“But [Telstra] also have the legacy issues … of [older] products and pricing and that’s where we have the advantage,” he said. “When we price something we look very long-term and we want to ensure that Telstra can’t follow us.”
On fibre, he said: “We have the fibre infrastructure, this is our core business – we are not going to stop.”
TPG will put a major push into marketing its Fibre 400 plan to business next year, offering iiNet business customers unlimited downloads at 400 megabits per second for $438.90 a month, Teoh said.
The company reported revenue of $1.27 billion for the year to June 30, up 31 percent. Net profit after tax was $224 million, also up 31 percent.
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