TPG Telecom Ltd Investing heavily to withstand raising competition
Investing heavily to withstand raising competition: TPG Telecom Ltd (ASX: TPM) bid for 2x10MHz of spectrum in the 700MHz band at the auction by the Australian Communications and Media Authority (ACMA). The spectrum license would start from 1 April next year and will expire on 31 December 2029. Accordingly, they are building a mobile network in Australia using current advanced technology for over $1.9 billion, which accounts over $600 million for network rollout capital expenditure over a three-year period to achieve 80% population coverage, and $1,260 million for the 700 MHz spectrum, which would be paid in 3 annual instalments. The group intends to deploy equipment at over 2,000 to 2,500 sites plus small cell sites across the country.Last year, the group even entered the Singapore where now in process of rolling out national mobile network. They expect to incur a capital expenditure of $142 to $182 million in FY17 at Singapore.
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