TPG Telecom
(ASX:TPM) says it has had a good start to the current financial year, and has lifted its full year profit forecast. The telecommunications company now expects to deliver earnings before interest, tax, depreciation and amotisation of between of $215 million to $225 million.
TPG Telecom also said at its annual general meeting that it is well positioned to compete strongly in a National Broadband Network environment. TPG Telecom boosted it net profit to $55.72 million in the year to 30 July 2010.
