TPG Telecom
Terminal
TPG Telecom, the challenger. Raised in North Ryde by a man who walked the office at night turning off the monitors. Married Vodafone in 2020, in a merger sold as competition. Spent its later years selling the furniture: the towers, the fibre, then the money printer itself. Survived by the bonuses and the hold music. Not expected to see 2036. In lieu of flowers, shareholders are asked to keep holding.

TPG's Game of Phones
The back channels of Sydney’s upper echelons, open for one afternoon.
Ryan Tan|08 Nov, 2026
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Ten Cents
The only consulting fee in Australian history the consultant paid for.
Ryan Tan|06 Nov, 2026
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Borrowed Air
Nothing left to sell. $2.1 billion due. Naturally, a bigger dividend.
Ryan Tan|04 Nov, 2026
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Sold the Printer
The money printer has left Barangaroo. The bonuses have not.
Ryan Tan|21 Oct, 2026
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Pawning the Silver
Sold as a challenger in 2020. Run since like a pawnshop.
Ryan Tan|16 Oct, 2026
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A Merger of Equals
Same price, give or take $30 million. One earns half as much again.
Ryan Tan|12 Oct, 2026
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"Dear Vodafone, you suck." The chief executive said it first.
New Zealand's Vodafone was so bad it changed its name. Ours kept it.
Ryan Tan|09 Oct, 2026
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Quo Vadis
He counsels the UN on governance. At home, both sides of the cheque.
Ryan Tan|07 Oct, 2026
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