traded as asx tpm industry telecommunications founded 1986 as total peripherals group headquarters 65 waterloo road north ryde nsw australia area served australia new zealand key people david teoh founder executive chairman services internet service provider online television mobile telephony revenue a 970.9 million 2014 1 operating income a 246.8 million 2014 1 profit a 171.7 million 2014 1 total assets a 832.4 million 2014 1 total equity a 832 million 2014 1 number of employees 1 400 subsidiaries adam internet aapt limited agile communications chime communications iinet internode netspace pipe networks transact westnet website www.tpg.com.au tpg telecom limited is an australian telecommunications and it company that specialises in consumer and business internet services as well as mobile telephone services . as of august 2015 tpg has since been the second largest internet service provider in australia and operates 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 . citation needed the company was formed from the merger between total peripherals group which was established in 1992 by david and vicky teoh and sp telemedia in 2008 . tpg provide five ranges of products and services including internet access networking oem services mobile phone service and accounting software . contents 1 history 1.1 post merger acquisitions 1.2 ventures 2 divisions 3 subscribers 4 accc lawsuit 5 see also 6 references 7 external links history edit total peripherals group was established in 1986 by malaysian born australian businessman david teoh as an it company that sold oem computers and later moved to provide internet and mobile telephone services . 2 in 2007 tpg took a 70 per cent controlling interest in then struggling adelaide internet provider chariot . david teoh shored up tpg s role as chariot s parent company a year later in april 2008 and then quickly followed up with the 225 million reverse takeover of sp telemedia to bring soul chariot and tpg under the one banner . soul converged communications formally known as comindico was an australian telecommunications company based in sydney . soul s main activities revolve around telecommunications with business and home and small business divisions . in april 2005 it bought a 42.9 per cent stake in mobile phone company b digital . in september 2006 soul increased its stake in b digital to 74.6 per cent and made a full takeover offer . citation needed in april 2008 sot merged with total peripherals group at a cost of 150 million in cash and 230 million in shares approximately 80 million with tpg owner david teoh becoming the largest shareholder and executive chairman of the combined group . 3 on 25 november 2009 following shareholder approval sp telemedia ltd trading as soul changed its name to tpg telecom ltd. the asx code was changed also from sot to tpm . 4 post merger acquisitions edit in november 2009 tpg which already owned a substantial portion of pipe networks shares announced it intended to acquire the company . 5 tpg completed its acquisition of pipe for 373 million by way of scheme of arrangement on 31 march 2010 after shareholders and government bodies approved the transaction . the acquisition allows tpg to gain full control of pipe networks fibre optic network in australia and the pipe pacific cable ppc 1 connecting sydney to guam . 6 tpg in a statement released on 14 july 2011 announced it intended to acquire intrapower for 12.8 million . it was also stated in the statement that the board of directors of intrapower recommended the shareholders of the company approve the transaction . 7 the acquisition was completed on 30 august allowing tpg to benefit from trustedcloud and other intrapower products . 8 on 9 december 2013 tpg purchased aapt from telecom new zealand for 450 million . 9 the transaction allows tpg to gain control of aapt s fibre optic network which extends across six australian states and territories and is estimated to be 11 000 km in length . 10 the transaction was expected to be finalised by february 2014 . 11 on 13 march 2015 tpg advised of its intent to take over australia s 3rd largest isp iinet at au 8.60 per share giving a value of 1.4 bn . 12 tpg offered 8.60 per iinet share on top of the entitlement to the already declared 10.5 cent interim dividend valuing iinet at about 21 times its underlying net profit for 2014 . the deal was approved by shareholders on july 27 13 and by the accc on august 20 2015 . 14 this made tpg australia s second largest isp by customer volume after telstra . ventures edit on 7 may 2013 tpg won a 13.5 million bid for two 10mhz spectra of the 2.5 ghz band . tpg which operates a mobile virtual network in a statement announced that the network would allow it to offer value adding wireless broadband products to its customers . 15 although tpg did not reveal what the purpose of the spectra would be the 2.5 ghz band is expected to be used as a 4g channel . the network will be switched on in october 2014 . 16 on 17 september 2013 during tpg s financial year results presentation it was announced that the company plans on constructing fibre to the basement fttb networks capable of offering a bandwidth of 100mbit s in five major capital cities . it was also estimated that the cost of the plans would be 69.99 per month lower than the current price of nbn plans though it excludes initial connection and setup costs . 17 although final costs have yet to be determined the network is expected to compete with the nbn leading to calls from the research director of ovum david kennedy for nbn co to respond competitively . 18 divisions edit tpg internet tpg internet sells many internet services such as dialup adsl adsl2 fibre and shdsl broadband access email services website and domain name hosting iptv voip solutions and virtual phone cards . tpg also include plans and bundles on the national broadband network nbn . unlimited broadband on 24 september 2010 tpg introduced a phone line bundled unlimited plan that included unlimited unmetered uploads and downloads and free iptv . 19 iptv after a limited beta tpg officially launched iptv service on 12 june 2007 . 20 iptv is available to all adsl2 customers on supported exchanges . 21 it is not currently known when broadcasters from other licence areas will be provided on this service or if the service currently available in sydney will remain broadcasting . in the sydney area free to air broadcasters are also made available . the current channels predominately news oriented are all free . subscription based channels are expected in the future . tpg systems tpg systems was an oem of pcs laptops and servers . this division of the company ceased trading in early 2004 . tpg software tpg software trading as catsoft makes and sells accounting software to businesses . tpg boomerang tv tpg boomerang tv was a subscription television service that operated using pas 8 . 22 it was launched in february 2000 . 23 tpg mobile tpg mobile acts as a mobile virtual network operator for the optus network since august 2008 . in late 2015 tpg switched its mobile service provider to vodafone . 24 however tpg subsidiary iinet still acts as a mobile virtual network operator on the optus network . aapt aapt is tpg s wholesale arm . subscribers edit it is australia s second largest internet service provider and largest mobile virtual network operator . 25 26 year broadband subscribers mobile subscribers 2009 27 388 000 220 000 130 000 soul subscribers 90 000 tpg subscribers 2010 28 488 000 201 000 45 000 soul subscribers 156 000 tpg subscribers 2011 29 548 000 201 000 9 000 soul subscribers 192 000 tpg subscribers 2012 30 595 000 255 000 2013 16 31 671 000 360 000 accc lawsuit edit a lawsuit over tpg s advertising campaigns was filed against tpg telecom by the australian competition and consumer commission accc in december 2010 . the accc accused tpg of misleading its customers by advertising that its unlimited broadband package only cost 29.99 per month when the actual minimum monthly cost for the plan is 59.99 . the accc also claimed in the lawsuit that tpg did not adequately disclose other costs associated with the setting up of the connection . 32 in response tpg released a statement saying that it believes all costs were adequately noted in the advertisement and that it was disappointed with the accc s decision to bring the issue to court . 33 in november 2011 the federal court ruled against tpg and fined the company 2 million however the fine was reduced to 50 000 after tpg appealed to the full bench of the federal court . the accc later filed an appeal in the high court which was approved in august 2013 . 34 35 see also edit television in australia portal internet television in australia subscription television in australia references edit a b c d e tpg annual report 2014 pdf . tpg . david teoh profile . forbes . retrieved 18 november 2013 . sp telemedia to merge with tpg pdf . 7 february 2008 . retrieved 2008 05 05 . asx code changes 2009 . 7 december 2009 . retrieved 2009 12 07 . colley andrew 17 march 2010 . tpg finalises pipe buyout . the australian . retrieved 22 november 2013 . soul tpg buys pipe networks for 373m . 11 january 2009 . retrieved 2010 03 11 . tpg telecom limited proposal to acquire intrapower limited pdf . australian securities exchange . 14 july 2011 . retrieved 22 november 2013 . takeover offer by tpg telecom limited for intrapower limited offer closed pdf . 30 august 2011 . retrieved 23 august 2012 . telecom announces sale of aapt for a 450 million . new zealand exchange . 9 december 2013 . retrieved 9 december 2013 . mason max 9 december 2013 . tpg to acquire aapt for 450m from telecom nz . the sydney morning herald . retrieved 9 december 2013 . taylor josh 9 december 2013 . tpg buys aapt from telecom nz for au 450m . zdnet . retrieved 9 december 2013 . http investor.iinet.com.au irm showdownloaddoc.aspx siteid 140 & announceguid 9004979b cd65 4740 91b7 1cce3bc38fa2 maher william 27 july 2015 . iinet tpg mega merger wins shareholder approval . hopewell luke august 2015 . accc gives tpg the a ok to buy iinet . gizmodo . retrieved 20 august 2015 . taylor josh 7 may 2013 . telstra optus tpg win 4g spectrum for au 2 billion . zdnet . retrieved 17 november 2013 . a b 2013 annual results presentation pdf . tpg . 2013 . retrieved 18 november 2013 . tpg to build fibre to the basement . itnews . 17 september 2013 . retrieved 17 november 2013 . ramli david hutchison james 17 september 2013 . tpg fibre plan challenges nbn . the australian financial review . retrieved 17 november 2013 . cs1 maint multiple names authors list link tpg one ups itself in broadband battle . zdnet . retrieved 2010 09 26 . whirlpool forum . whirlpool.net.au . iptv enabled exchanges . retrieved 12 december 2010 . provider adds cable to its net orbit . the australian . 24 november 1999 . p. 29 . chester rodney 29 february 2000 . pay tv plan to lift net result . the courier mail . p. 9 . https www.tpg.com.au mobile migration support morrell alex 3 july 2013 . australian telecom couple david and vicky teoh now worth 1 billion . forbes . retrieved 18 november