2221 GMT - TPG Telecom's move to raise prices for some of its postpaid mobile customers is unlikely to have an impact on the Australian company's full-year outlook, Barrenjoey analyst Eric Choi says. He writes in a note to clients that TPG appears to be addressing the 20% of its Vodafone Australia back-book that it missed when raising prices last year. He thinks the oversight was likely due to TPG being in the midst of simplifying its plans. The latest move could add about A$15 million in 2025 revenue but is probably already captured by existing guidance, Choi adds. Barrenjoey has a neutral rating and A$5.25 target price on the stock, which is at A$4.47 ahead of Monday's session. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 09, 2025 18:21 ET (22:21 GMT)
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