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

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.

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.

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).

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.

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.

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.

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.

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.

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.
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