S&P Global Ratings has revised TPG Telecom’s outlook to stable from negative while affirming its BBB issuer credit rating. The agency expects mobile growth, lower capital intensity and balance-sheet repair to push adjusted debt-to-EBITDA below 2.75x from fiscal 2027, although spectrum costs remain a substantial test.
Spark New Zealand’s FY26 results highlight a return to mobile service revenue growth, a significant gain from the sale of its data centre business, and a strategic review of its Digital Services division.
Kelsian’s Transit Systems West has locked in a two-year extension for Sydney’s Region 6 bus services, adding $500 million in revenue and advancing its electric bus fleet rollout.