Telco TPG is ceasing the rollout of its mobile network, which would have been a fourth competitor in the Australian mobile phone market.

Key points:

  • TPG says the Federal Government’s ban on Huawei 5G equipment makes its mobile network rollout unviable
  • The telco says it already spent $100m on the network rollout with a further $30m locked in
  • Analyst Paul Budde believes the decision is a ploy to overcome the competition regulator’s objections to TPG’s planned merger with Vodafone

In an announcement to the stock exchange, TPG said it was using Huawei equipment for the network as there was a simple path to upgrade it to 5G — the next generation of mobile network that promises much faster internet speeds.

 

Reference: https://www.abc.net.au/news/