Subscriber growth sees TPG record increased revenue and net profit in FY13

17 Sep 2013

Alternative Australian operator TPG Telecom has published financial results for its financial year ended 31 July 2013, noting that subscriber growth had boosted its revenues, EBITDA and net profit.

TPG Telecom reported that revenues for the twelve-month period stood at AUD724.5 million (USD737 million), up 9% year-on-year from the AUD663.1 million in FY12, while net profit totalled AUD149.2 million, up from AUD90.9 million. With total EBITDA having risen by 12% to AUD293.1 million, EBITDA from the operator’s consumer division, meanwhile, stood at AUD180.6 million, up AUD31.1 million on the previous financial year. Such an increase, TPG noted, had been ‘driven by [a] net increase of 76,000 broadband subscribers and 105,000 mobile phone subscribers’.

On the back of the customer gains, at the end of July 2013 TPG broadband subscriber base numbered 671,000, up from 595,000 a year earlier, with the bulk of those – 587,000 (up from 497,000 at end-July 2012) – being on-net customers, with the remaining 84,000 (down from 98,000) off-net. Meanwhile, the number of subscribers taking broadband as part of an on-net bundle continued to rise, reaching 351,000, up from 221,000. In the mobile voice arena TPG recorded a total of 360,000 such accesses, compared with 255,000 a year earlier, with fixed voice customers totalling 358,000 (of which 351,000 were on-net), up from 235,000.

Australia, TPG Corporation (incl. iiNet, Internode and AAPT)