The planned launch of yet another mobile phone operator in Australia is set to hurt every provider already in the market, as well as the new entrant that’s spending almost A$1.9bil (RM6.34bil) to take them on, analysts said.
TPG Telecom Ltd, best known for its broadband services, said April 12 it will build its own cellular network for A$600mil (RM2bil) after spending A$1.26bil (RM4.21bil) on airwave licenses. The move would make it the country’s fourth provider, pitting it against former monopoly Telstra Corp, Singapore Telecommunications Ltd’s Optus and a venture owned by Vodafone Group Plc and Hutchison Telecommunications Australia Ltd.