TPG hit with first strike on executive pay

December 06, 2017

TPG Telecom's optimistic, despite its share price being hurt by the national broadband network build

TPG Telecom's chairman believes the rollout of the national broadband network has been detrimental to the company, but says he is confident the telco's mobile and fixed-line projects will benefit shareholders over the long-term.

In a speech due to be delivered at the company's annual general meeting on Wednesday, chairman David Teoh said the building of the NBN had weighed on the company's share price over the past year - with the stock down about nine per cent compared to a year ago.

But, he said, the telco was "uniquely positioned" to leverage the infrastructure and customer bases it had built, including its plan to deliver Australia's fourth mobile network, to drive the next phase of growth and deliver value to TPG shareholders.

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