TPG Telecom
 |
|
| Public company | |
| Traded as | ASX: TPM |
| Industry | Telecommunications |
| Founded | 1986 as Total Peripherals Group |
| Headquarters | 65 Waterloo Road North Ryde, NSW Australia |
|
Area served
|
Australia New Zealand |
|
Key people
|
David Teoh (founder, executive chairman) |
| Services |
Internet service provider Online television Mobile telephony |
| Revenue |
 A$970.9 million (2014) |
|
A$246.8 million (2014) |
|
| Profit |
A$171.7 million (2014) |
| Total assets |
A$832.4 million (2014) |
| Total equity |
A$832 million (2014) |
|
Number of employees
|
1,400 |
| Subsidiaries |
Adam Internet AAPT Limited Agile Communications Chime Communications iiNet Internode Netspace PIPE Networks TransACT Westnet |
| Website | www.TPG.com.au |
TPG Telecom Limited is an Australian telecommunications and IT company that specialises in consumer and business internet services as well as mobile telephone services. As of August 2015, TPG is the second largest internet service provider in Australia and operates the largest mobile virtual network operator. As such, it has over 671,000 ADSL2+ subscribers, 358,000 landline subscribers and 360,000 mobile subscribers, and owns the second largest ADSL2+ network in Australia, consisting of 391 ADSL2+ DSLAMs.
The company was formed from the merger between Total Peripherals Group, which was established in 1992 by David and Vicky Teoh, and SP Telemedia in 2008.
TPG provide five ranges of products and services including Internet access, networking, OEM services, mobile phone service and accounting software.
Total Peripherals Group was established in 1986 by Malaysian-born Australian businessman David Teoh, as an IT company that sold OEM computers and later moved to provide internet and mobile telephone services.
In 2007, TPG took a 70 per cent controlling interest in then struggling Adelaide internet provider Chariot. David Teoh shored up TPG's role as Chariot's parent company a year later, in April 2008, and then quickly followed up with the $225 million reverse takeover of SP Telemedia to bring Soul, Chariot and TPG under the one banner.
Soul Converged Communications, formally known as Comindico, was an Australian telecommunications company based in Sydney. Soul's main activities revolve around telecommunications, with business and home and small business divisions. In April 2005, it bought a 42.9 per cent stake in mobile phone company B Digital. In September 2006 Soul increased its stake in B Digital to 74.6 per cent and made a full takeover offer.
In April 2008, SOT merged with Total Peripherals Group at a cost of $150 million in cash and $230 million in shares (approximately 80 million) with TPG Owner, David Teoh becoming the largest shareholder and Executive Chairman of the combined group. On 25 November 2009, following shareholder approval, SP Telemedia Ltd (Trading as Soul) changed its name to TPG Telecom Ltd. The ASX code was changed also from SOT to TPM.
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