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TPG (ASX:TPM) assures market of strong sub growth

TPG (ASX:TPM) assures market of strong sub growth

ISP TPG Telecom (ASX:TPM) has announced it added 100,000 new broadband subscribers in FY10.

The company said it was on track to release positive FY10 results in September, thanks to this strong subscriber growth.

TPG added that it was looking to reassure its investors in light of Telstra's FY10 results, which had been impacted heavily by fixed-line customer bleeding.

TPM shares are today trading 5.17% higher at $1.525, after falling 8.81% on Friday to $1.450 and 7.56% on Thursday to $1.590.

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Tags GuidanceASX:TPMTPG TelecomsubscribersTelecommunications

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