0011 GMT - TPG Telecom's strong mobile customer growth could come at the expense of average revenue per user, Jefferies analyst Roger Samuel warns. He thinks that April's 40% growth in gross additions probably stems in most part from low-value customers attracted by TPG's recent promotional discount. This suggests that any step-up in net additions could be dilutive to TPG's current postpaid ARPU, he writes in a note. Gross customer additions moderated compared with February, but are still good, he adds. Shares in TPG are up 1.2% at A$5.14. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 22, 2025 20:11 ET (00:11 GMT)
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