TPG Telecom shareholders greenlight capital return, special dividend

TPG Telecom Limited (TPG) announced shareholder approval for a cash distribution of A$1.61 per share, totaling approximately A$3 bn. This comprises an A$1.52 per share capital reduction (A$2.83 bn total) and an A$0.09 per share unfranked special dividend (A$167m total). The distribution follows the sale of TPG Telecom's fibre network infrastructure assets and Enterprise, Government, and Wholesale fixed operations to Vocus Group Limited, which yielded approximately A$4.7 bn in net cash proceeds.

In conjunction with the capital return, TPG Telecom is launching a Reinvestment Plan, allowing eligible minority shareholders to reinvest their cash distribution proceeds into new TPG Telecom shares. The Institutional Reinvestment Plan, opening November 17, 2025, offers shares at A$3.61 per share (a 5.0% discount to the November 14 closing price of A$3.80). The Retail Reinvestment Plan is set to open on November 20, 2025.

The Record Date for the capital return and Reinvestment Plan eligibility is November 17, 2025, with payment for the cash return of capital scheduled for November 24, 2025. TPG also confirmed its FY25 EBITDA guidance of A$1,605m to A$1,655m and a reduced FY25 capital expenditure guidance of A$770m.