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TPG
Broker's Calls
StarHub downgraded to 'hold' as there may be a delay in industry consolidation
StarHub put on hold as industry consolidation may be delayed
June 23, 2020
Company in the news
TPG launches 'best-value' commercial mobile plan
Describing itself as the “best-value no contract plan” in the market today, the new SIM-only plan offers 50 gigabytes (GB) of data at $10 per month automatically renewed on a monthly basis.
April 03, 2020
Broker's Calls
RHB keeps telco sector at 'neutral' as competition heats up
SINGAPORE (Dec 24): Singapore’s mobile revenues will remain under pressure in 2020.
December 24, 2019
M&A
Aussie competition regulator to block TPG-Vodafone merger
(May 8): Australia's competition regulator will oppose to the A$15 billion ($14.3 billion) merger between mobile phone and Internet data providers TPG and Vodafone Hutchison Australia (VHA).
May 08, 2019
Broker's Calls
Singtel well positioned to weather competition, looking cheap at current prices: UOB Kay Hian
SINGAPORE (Mar 21): UOB Kay Hian is maintaining its “buy” call on Singtel with a target price of $3.58, while highlighting that the stock, at the price of $3.02, is currently below its mean EV/EBITDA with a 5.8% dividend yield.
March 21, 2019
M&A
KKR invests in Singapore energy-saving firm in first impact bet
SINGAPORE (Dec 13): KKR & Co. is buying a stake of as much as $45 million in Barghest Building Performance, a Singapore provider of energy saving solutions, in the private equity firm’s first impact investment globally.
December 13, 2018
Broker's Calls
TPG's entry delayed but still remains a threat to Singapore telcos
SINGAPORE (Nov 29): Although the year is drawing to an end, TPG has yet to announce its commercial launch this year. This is despite TPG saying in September that it was on track to meet its outdoor-coverage milestones set by IMDA.
November 29, 2018
Temasek invests $50 mil in TPG Growth's Asia Healthcare Holdings
SINGAPORE (July 5): Temasek Holdings has invested $50 million in Asia Healthcare Holdings (AHH), the operating and investment platform founded by private investment firm TPG’s growth equity platform, TPG Growth.
July 05, 2018
M&A
TPG-led consortium said to near deal for India’s No. 2 listed hospital chain
MUMBAI (Mar 26): A consortium led by TPG is nearing an agreement to gain control of Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, people with knowledge of the matter said.
March 26, 2018
KKR, Blackstone, RRJ and TPG dropping out of race for GLP, says FT
SINGAPORE (June 23): Almost all the potential bidders for Global Logistic Properties are dropping out as the June 30 deadline approaches, reported The Financial Times.
June 23, 2017