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TPG Telecom maintains guidance

TPG Telecom has maintained earnings guidance for fiscal 2012.

TPG Telecom has maintained earnings guidance for fiscal 2012.

The telco told shareholders at Wednesday's annual general meeting in Sydney that earnings before interest, tax, depreciation and amortisation (EBITDA) for the current year was expected to come in between $250 million and $260 million.

The earnings expectations were unchanged from forecasts published in September, when the company reported its full year results.

Should EBITDA print in line with guidance, it would represent an increase from the $234 million of EBITDA achieved in the 12 months to July 31, 2011.

In a slide presentation to shareholders, TPG Telecom said it had added 19,000 broadband subscribers in the first four months of fiscal 2012. The telco reported 77,000 net additions in fiscal 2011.

The company also offers mobile phone plans and in this segment it reported signing up 14,000 new subscribers over the first four months of the current year. It reported 36,000 mobile subscriber growth in fiscal 2011.

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