SYDNEY – With the NBN rollout virtually on hold following Saturday’s election, David Teoh’s ASX-listed TPG Internet service provider operation is looking to offer 500,000 fibre-to-the-premises links in Sydney, Melbourne, Brisbane, Adelaide, and Perth.In it annual report, published yesterday, TPG said it aims to increase the number of buildings connected to its fibre backhaul network by basement links in metro areas with download speeds of up to 100Mbps.
Users will pay $69.99 a month for “unlimited” downloads, plus a $129.99 setup fee, on a 24-month contract, TPG said. (TPG has run into trouble with some previous claims of “unlimited” downloads, which did indeed have some limits, though there’s no need to doubt it latest offer).
In the year to July 31, TPG says its fibre network grew by 800km and 300 buildings.
The company reported a 64 percent jump in net profit to $149.16 million, with 76,000 new customers signing up in the last financial year.
Revenue was up by 9 percent at $724 million. TPG now claims 671,000 broadband and 360,000 mobile subscribers.
