Business
Vodafone’s revenue plummeted before TPG merger – The Australian Financial Review
Vodafone Hutchison Australia’s revenue plunged more than 10 per cent in the six months before the merger with TPG Telecom in late June.
Vodafone Hutchison Australia’s revenue plummeted 12 per cent in the six months before the merger with TPG Telecom in late June, as the COVID-19 fallout and pre-existing problems caused the telco to lose mobile customers.
In the merged company’s first set of half-year results, TPG Telecom reported a six month revenue of $1.5 million, down 11 per cent on the previous period. Earnings before interest, tax, depreciation and amortisation fell 9 per cent to $531 million.
The company now known as TPG…
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