Business
TPG Chair resignation: Is this good news for the Telstra (ASX:TLS) share price?
Last week TPG Telecom Ltd (ASX: TPG) dropped a bombshell when it announced the surprise resignation of its Founder and Chairman, David Teoh, with immediate effect.
This news led to the TPG share price crashing lower and the Telstra Corporation Ltd (ASX: TLS) share price pushing higher.
Is this good news for the Telstra share price?
Analysts at Goldman Sachs have been looking into the implication of Mr Teoh’s resignation and see positives for Telstra and the telco industry.
In respect to industry pricing, Goldman believes this news will be a big positive.
It commented: “We see this as a clear positive for industry rationality, noting that the TPM Board had a track record of targeting market share growth through aggressive…
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