BUZZ-TPG Telecom recovering after filing error triggered $260 mln sell-off

Reuters

2025/08/07

BUZZ-<a href="https://laohu8.com/S/TPGTF">TPG Telecom</a> recovering after filing error triggered $260 mln sell-off

** Australia's TPG Telecom TPG.AX rises as much as 3.8% to A$5.42

** Stock partially recovers from Wednesday's sharp decline of as much as 5.3% to A$5.21, lowest since June 11, before ASX halted trading

** Sell-off triggered by filing error that tagged TPG Telecom in a buyout notice for Infomedia IFM.AX, which is being acquired by TPG Capital Asia

** TPG lost ~A$400 mln (~$260 mln) in market value before trading halt

** Stock gains ~19% YTD

($1 = A$1.5389)

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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