TPG meaning in Business ?

Answer:

What is Total Peripherals Group mean?

TPG is an Australian internet service provider that specialises in consumer and business internet services as well as mobile telephone services. As of August 2015, TPG is the second largest internet service provider in Australia and is the largest mobile virtual network operator. As such, it has over 671,000 ADSL2+ subscribers, 358,000 landline subscribers and 360,000 mobile subscribers, and owns the second largest ADSL2+ network in Australia, consisting of 391 ADSL2+ DSLAMs. It also operates in New Zealand and Singapore.

The company was formed from the merger between Total Peripherals Group, which was established in 1986 by David and Vicky Teoh, and SP Telemedia in 2008. In August 2018, TPG and Vodafone Hutchison Australia announced their intention to merge, with TPG holding a 49.9% stake in the merged company. In February 2020, the Federal Court of Australia decided against an objection by the Australian Competition and Consumer Commission opposing that merger.

TPG provide five ranges of products and services including Internet access, networking, OEM services, mobile phone service and accounting software.

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.

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