TPG Telecom Limited Announces Consolidated Earnings Results for the Year Ended July 31, 2018; Provides Earnings Guidance for the Full Year of Fiscal 2019
For 2019, the company expects BAU CapEx, which, repeat, excludes company mobile build expenditure in Australia and Singapore, is expected to be in the range of AUD 180 million to AUD 220 million, substantially lower than the past 2 years primarily due to the CapEx incurred over the past 2 to 3 years to expand company fiber network for the VHA fiber contract. Forecasting EBITDA growth in the range of AUD 34 million to AUD 54 million in fiscal year 2019, but this will be offset by margin erosion from ongoing migration of DSL subscribers to NBN. Company forecasting these margin headwinds to be approximately AUD 50 million in fiscal year 2019 on the basis of an assumption that the overall decline in DSL subscribers is roughly the same in fiscal year 2018.