TPG Telecom FY16 Earnings Result

TPG Telecom (TPM.ASX) FY16 result is at the bottom end of their guidance. FY16 underlying EBITDA was A$775m versus guidance for A$770-785m.

FY17 guidance has come down from consensus expectations of A$885m to now guiding in the range of A$820-830m EBITDA.

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This is a weak result relative to their recent history of beating guidance and market expectations. Reflected in the markets 17% sell-off today!

TPM declared a $0.07 final dividend.

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