Australia-listed Tuas slides as subscriptions slow, regulatory concerns remain

Tuas

23/09/2026 01:47

** Shares of telecom firm Tuas TUA.AX plunge as much as 16.1% to A$1.955, their biggest intraday pct loss since May 20
** Stock drops to lowest level since June 3
** Citi notes subscription momentum slows in second half, with mobile net additions in first half down year over year
** Co posts annual underlying EBITDA of S$83.8 million ($65.74 million), up 22% but 2% below Citi estimates
** Co's regulatory woes in relation to its unit Simba Telecom remain unresolved
** YTD, shares down 72.3%
     
($1 = 1.2748 Singapore dollars)

(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))