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.
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.