TPG Telecom To Raise $300m
The proceeds will be used to pay down debt associated
with the iiNet acquisition. In July, iiNet shareholders approved a $1.56
billion takeover offer from TPG Telecom in a move that created Australia’s
second-biggest provider of fixed-line internet services.
TPG now has 1.7 million broadband subscribers, placing it behind Telstra’s 3
For the year ended July 31, TPG had total liabilities of $650.6 million, but
David Teoh owns 35.69 percent of the TPG action; Washington H. Soul Pattinson