Telco mobile subscriber numbers continue to decline, but the trend for fixed broadband remains ever so slightly positive.
In statutory terms, TPG Telecom was able to report a bumper set of numbers, however this was only due to its 2020 merger with Vodafone accounting for four days. Using a set of pro forma simulated numbers, TPG was slightly down on its headline numbers. Revenue dropped 3% to AU$2.6 billion, earnings before interest, tax, depreciation, and amortisation (EBITDA) dropped by the same percentage to AU$886 million, and net profit fell 6% to AU$132 million. Looking at its consumer and corporate segments, consumer service revenue fell AU$119 million to AU$1.76 billion, while handset revenue increased AU$39 million to AU$387 million, giving consumer EBITDA of AU$638 million, a drop of AU$28 million. It was a similar trend in the corporate segment, with service revenue down AU$32 million to AU$438 million and handset revenue more than doubled from AU$19 million to AU$48 million, resulting in a AU$10 million drop in EBITDA to AU$236 million.
