Australia's TPG Telecom dips as UBS flags post-paid mobile headwinds
03/06/2026 05:16
BUZZ-Australia's TPG Telecom dips as UBS flags post-paid mobile headwinds ** Shares of TPG Telecom TPG.AX fall as much as 0.5% to A$3.68 as UBS flags rising caution on mobile outlook after investor day, keeps "neutral" rating
** Broker says growth in core post-paid mobile segment is softening, with ~70% of mobile revenue exposed
** Says mobile revenue gains skewed towards lower-value digital and enterprise segments
** Flags spectrum renewal costs of A$840 million ($602.45 million) as key overhang for industry returns, with payments now expected from FY28
** Maintains TPG price target at A$3.97; says stock trades at discount to Telstra TLS.AX
** TPG stock down 2.4% this year, including the day's move
($1 = 1.3943 Australian dollars)
(Reporting by Roushni Nair in Bengaluru)
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