Why the TPG Telecom (ASX:TPG) share price is plummeting today

The TPG Telecom Ltd (ASX: TPG) share price has slumped in early trade today after the company released its 2020 annual report. It comes after the full-year financial report release to shareholders in February 2021.

Today’s report highlighted the surge in full-year revenue and profits for the Aussie telco. That came after a $15 billion merger with Vodafone Hutchison Australia Pty Limited (Vodafone) in July 2020.

TPG also provided an update on its strategic initiatives and broader group focus in the annual report.

At the time of writing, the TPG share price is down 9.3%, trading at $6.26.

Why is the TPG share price falling?

TPG this morning…