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Total Peripherals Group was established in 1986 by Malaysian-born Australian businessman David Teoh, as an IT company that sold OEM computers and later moved to provide internet and mobile telephone services.
In 2007, TPG took a 70 per cent controlling interest in then struggling Adelaide internet provider Chariot. David Teoh shored up TPG's role as Chariot's parent company a year later, in April 2008, and then quickly followed up with the $225 million reverse takeover of SP Telemedia to bring Soul, Chariot and TPG under the one banner.
Soul Converged Communications, formally known as Comindico, was an Australian telecommunications company based in Sydney. Soul's main activities revolve around telecommunications, with business and home and small business divisions. In April 2005, it bought a 43 per cent stake in mobile phone company B Digital. In September 2006 Soul increased its stake in B Digital to 75 per cent and made a full takeover offer.
In April 2008, SPT merged with Total Peripherals Group at a cost of $150 million in cash and $230 million in shares (approximately 80 million) with TPG owner David Teoh becoming the largest shareholder and Executive Chairman of the combined group. On 25 November 2009, following shareholder approval, SP Telemedia Ltd (Trading as Soul) changed its name to TPG Telecom Ltd. The ASX code was changed also from SOT to TPM.
In November 2025, TPG encountered an outage with their services in which a customer died as a result of not being able to call emergency services. TPG cited outdated software as a reason the outage occurred.
Post-merger acquisitions
In November 2009, TPG, which already owned a substantial portion of PIPE Networks' shares, announced it intended to acquire the company. TPG completed its acquisition of PIPE for $373 million by way of scheme of arrangement on 31 March 2010, after shareholders and government bodies approved the transaction. The acquisition allows TPG to gain full control of PIPE Networks' fibre optic network in Australia and the Pipe Pacific Cable (PPC-1), connecting Sydney to Guam.
TPG, in a statement released on 14 July 2011, announced it intended to acquire IntraPower for $12.8 million. It was also stated in the statement that the Board of Directors of IntraPower recommended the shareholders of the company approve the transaction. The acquisition was completed on 30 August, allowing TPG to benefit from TrustedCloud and other IntraPower products.
On 9 December 2013, TPG purchased AAPT from Telecom New Zealand for $450 million. The transaction allows TPG to gain control of AAPT's fibre-optic network, which extends across six Australian states and territories, and is estimated to be 11,000 km in length. The transaction was expected to be finalised by February 2014.
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On 13 March 2015, TPG advised of its intent to take over Australia's third largest ISP iiNet at $8.60 per share, giving a value of $1.4 billion. TPG offered $8.60 per iiNet share, on top of the entitlement to the already-declared 10.5-cent interim dividend, valuing iiNet at about 21 times its underlying net profit for 2014. The deal was approved by shareholders on 27 July, and by the ACCC on 20 August 2015. This made TPG Australia's second-largest ISP by customer volume after Telstra.
Ventures
On 7 May 2013, TPG won a $13.5 million bid for two 10 MHz spectra of the 2.5 GHz band in Australia. TPG, which operates a mobile virtual network, in a statement, announced that the network would allow it to offer "value-adding" wireless broadband products to its customers. Although TPG did not reveal what the purpose of the spectra would be, the 2.5 GHz band is expected to be used as a 4G channel. The network will be switched on in October 2014.
On 17 September 2013, during TPG's financial year results presentation, it was announced that the company plans on constructing fibre to the Building (FTTB) networks, capable of offering a bandwidth of 100 Mbit/s, in five major capital cities. It was also estimated that the cost of the plans would be $69.99 per month, lower than the current price of NBN plans though it excludes initial connection and setup costs. Although, final costs have yet to be determined, the network is expected to compete with the NBN, leading to calls from the research director of Ovum, David Kennedy, for NBN Co to respond competitively.
On 13 July 2020, Vodafone Hutchison merged with TPG via a scheme of arrangements. TPG was renamed to TPG Corporation Limited and delisted from ASX, with Vodafone Hutchison taking on the TPG Telecom name.
In September 2020, TPG Telecom announced a partnership with the National Australia Bank to deliver fixed and mobile network services for the bank.
SIMBA Telecom
On 14 December 2016, it was announced that TPG had secured the fourth telecommunications license in Singapore for S$105 million (A$122 million). They were provisionally allocated 60 MHz of spectrum made available in the New Entrant Spectrum Auction (NESA), with spectrum rights that commenced in April 2017. TPG was also expected to provide street level coverage nationwide within 18 months of the start date. TPG launch commercial service in March 2020.
For voice communications, it makes use of Voice over LTE technology which saw subscribers have initial troubles setting up during the trial rollout at the start of 2019 as existing phones did not contain the configuration profile required for the VoLTE functionality to work. These was largely resolved when the major brands added the configuration profile into their operating systems, with Apple adding the profile only in September 2019.
On 30 June 2020, as part of the Vodafone-TPG merger, the Singapore operations were spun off into an independent entity, Tuas Limited. As part of the spin off, Tuas Limited was also listed on the Australian Securities Exchange. In December 2021, TPG won 10MHz of the 2.1GHz frequency spectrum in the government auction, allowing it to deploy its 5G network across the island. SIMBA Telecom has since been an independent company in Singapore, effectively making it a local company with zero TPG Australia's involvement in any of its business operations. In April 2022, the Singapore operations was rebranded from TPG to SIMBA Telecom, in reference to Singapore's 'Lion City' nickname.
From Wikipedia’s article on TPG (internet service provider), shared under CC BY-SA 4.0.3