On 18th September 2018, TPG announced its full FY18 financial results as an independent entity. Consumer performance has declined slightly, but TPG has extracted value out of its fibre assets in the corporate segment.

Overall, the outlook for TPG is positive as it looks to utilise Vodafone’s mobile capabilities and branding to complement its own broadband strengths.

In a market where margins are being squeezed and points of differentiation are difficult to obtain, TPG’s has delivered a set of stable results with other promising initiatives such as the continuation of its small cell network and a merger with Vodafone which will allow TPG to bid as a joint entity in the upcoming 3.6 GHz spectrum auctions in November 2018.