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NBN rural rollout steals TPG thunder

by
September 11, 2017

TPG Telecom is losing market share as the national broadband network rollout accelerates.

TPG Telecom is losing market share as the national broadband network rollout accelerates, according to investment bank, UBS.

The metropolitan-focused telco - due to announce full-year results next week - may have shed more than one per cent of market share in the year to December 2016, thanks to the regional focus of the NBN rollout, UBS analyst Tom Beadle said.

At 1300 AEST, shares in TPG were down six cents, or 1.1 per cent, at $5.26 after UBS downgraded the company's FY18 earnings forecast and valuation from $A6.00 to $5.75 per share on Monday.

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