ASX:TPGTelecom
TPG Telecom (ASX:TPG) Is Down 34.4% After Scaled-Back Capital Raise and Emergency Call Incident – What's Changed
Earlier this week, TPG Telecom completed an institutional reinvestment plan, raising A$300 million through an issue of new shares after an incident where a customer was unable to reach emergency services on a Samsung device with outdated software, leading to a fatality.
This event prompted a trading halt, a reduced capital raising from the originally planned A$550 million, and heightened regulatory and public scrutiny around TPG’s operational and customer safety protocols.
We’ll examine how...