TPG Telecom Limited (TPM) wholesales bandwidth and other telecommunications services. The company also delivers a full range of telecommunications products and services to home and business consumers through its retail operations.

Its network infrastructure includes fixed line, fibre and wireless services connecting voice customers with call collection areas throughout Australia and data and internet customers with more than 350 exchange areas.

Key Points

FY13 Results impress:

Outlook

TPM's results were solid, with strong organic growth recorded in most segments, however that was not the key takeout of the announcement.

TPM announced a new strategy to expand its fibre network to half a million residential and commercial premises in capital cities across the country.

This new network should increase its pricing ability, whilst also improving its competitive position. The group has plenty of room on its balance sheet for the expansion, which is not expected to be rolled out until FY15.

We think this could be a major driver for the company's already strongly growing business and this should be a major driver for the company going forward.

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