An ambitious, billion dollar partnership is underway between TPG and Vodafone, where Vodafone’s network will migrate TPG’s subscriber base in exchange for optical fibre infrastructure to be serviced by TPG.
Vodafone is prepping its network for faster 5G Internet primed for virtual reality applications after striking a deal in excess of a billion dollars with TPG.
TPG has become the latest internet service provider to launch a broadband plan featuring a total of a terabyte of monthly quota, following launches by iiNet and Primus this week.
TPG has launched a $75 a month unlimited ADSL2+ broadband plan.
TPG Telecom has completed an institutional placement to raise $65 million through the issue of around 41 million new ordinary shares at $1.585 – a 5.4 per cent discount to the last closing price.
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