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TPG adds 100,000 broadband subs in FY10

IT Industry - Listed Tech

TPG has moved to re-assure the market, in the wake of Telstra's mediocre performance, that it tracking well.

In a statement to the ASX, the company said: "TPG notes the market's recent view of telecommunications industry participants, particularly following the release yesterday of Telstra's FY10 results.

"TPG would like to provide re-assurance to its investors that the company has continued to experience excellent broadband subscriber growth in recent months (gaining 100,000 broadband subscribers in the past year), that it is tracking well to guidance and it looks forward to the release in late September of the FY10 financial results for the year ended 31 July."

Company secretary, Stephen Banfield said that consumers were "reacting extremely positively to its latest Home Phone + Broadband plans from $39.99 monthly, which offer good download allowances and include home phone line rental with no minimum call spend.'

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