AUS
NZ
UK
CA
USA
IND
Highlights
- The Australian telecommunications network continues to witness frequent upgrades in response to rising public demand and technological advancements
- In February, Telstra and TPG Telecom Limited entered a commercial agreement
- Macquarie increased its FY22 EBITDA guidance from AU$85 million to AU$88 million
The Australian telecommunications network is a dynamic system, which continues to upgrade itself continuously in response to rising public demand and technological advancements.
Australia's telecommunications policy has been influenced by the requirement to serve a population predominantly concentrated in cities far apart from one another, connect the major cities with high-capacity trunk services, and provide basic services to outlying areas. A major policy premise has been that all Australians should have reasonable access to basic telecommunications services on an equal basis.
Telstra Corporation Ltd (ASX:TLS)
Image source: © Ipopba | Megapixl.com
Based in Australia, Telstra Corporation is a big name in telecommunications industry. It builds and operates telecommunications networks, markets internet access, pay television, mobile phone packages and other products and services.
In February, the telecom giant entered a commercial agreement with TPG Telecom Limited. Under the agreement, TPG Telecom will open its entrance for Telstra across its 4G and 5G network fields. It will help in the growth and capacity building of Telstra.
The share price of Telstra is up by 2.3% on a month to date (mtd) basis; however, it has lost nearly 5% on a year-to-date (ytd) basis.
TPG Telecom Ltd (ASX:TPG)
TPG is a communications technology partner for businesses. It has extensive fibre and mobile networks through which it provides services to different companies. It has more than 85% 5G population coverage in the ten biggest territories.
Highlights of the company so far this year:
- Relaunched TPG foundation with new charity partners
- The company is set well on track to complete Net Zero Modelling by the end of 2022
TPG has gained 0.8% on a mtd basis and 2.2% on a ytd basis.
Macquarie Telecom Group Ltd (ASX:MAQ)
Macquarie Telecom Group provides cloud, cyber security, data centre, and telecom services to mid-large businesses and government customers. Founded in 1992, the company has boosted its revenue from zero to AU$200 million in 10 years.
Last month, the company increased its FY22 Earnings Before Interest, Taxes, Depreciation & Amortisation (EBITDA) guidance to AU$88 million, compared to the previous figure of AU$85 million.
In the first week of July, MAQ shares gained over 12.4%. However, on a year-to-date basis (as of 07 July 2022), the shares are down 7.1%.
