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TPG Telecom wins stable outlook as mobile growth strengthens credit profile

4:44pm on Monday 12th of October, 2026 AEDT • Telecommunications
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TPG Telecom wins stable outlook as mobile growth strengthens credit profile

4:44pm on Monday 12th of October, 2026 AEDT
Key Points
  • S&P outlook revised to stable from negative; BBB rating affirmed
  • Adjusted debt-to-EBITDA forecast at 2.8x in FY26 and about 2.5x from FY27
  • Bank debt reduced by approximately A$2.7 billion in FY25
  • A$2.1 billion of spectrum relicensing costs expected from FY28 to FY32
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