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David Teoh

July 2024

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Jobless rate rises; COVID-hit Biden signals exit; Trump hurts Nvidia

Read everything that’s happened in the news so far today.

Why only four execs have kept spot on rich bosses list over decade

Chris Ellison, Graham Turner, David Teoh and Gerry Harvey have maintained their positions while some of their richer peers of yesteryear have bowed out.

  • Sally Patten and Patrick Durkin

May 2024

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Bevan Slattery

Rich Lister entrepreneur’s final start-up will build underwater robots

Bevan Slattery is arguably Australia’s most successful tech entrepreneurs of the last 20 years. He thinks he has one more start-up in him, and has big plans for reviving coral reefs.

  • Tess Bennett

June 2023

The property has been revamped by interior architects Richards Stanisich.

Laser Clinics co-founder Alistair Champion buys $69m Point Piper home

The entrepreneur and wife Kate have proved to be savvy property traders, while billionaire David Teoh’s sons have become neighbours on Sydney’s north shore.

  • Bonnie Campbell

November 2022

David Jones now appears to have two parties interested in buying the retailer: Anchorage Capital Partners and Teoh Capital, backed by billionaire David Teoh.

Billionaire Teoh family joins race for David Jones

Teoh Capital is mulling a bid for the storied department store chain, along with Phil Cave’s Anchorage Capital Partners.

  • Carrie LaFrenz
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July 2022

About $7 billion worth of TPG shares will be out of escrow next week. The question is, would anyone sell.

One week until TPG’s $7b escrow date; bankers watch

Equity desks bored with just chit-chatting with companies about their future plans instead of doing deals, have something to get excited about next week.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

June 2022

Mr Berroeta said the industry “had a much stronger case” to push for reform than ever before, and that TPG was “looking very closely” at spectrum taxes, in particular.

TPG says telcos better placed than ever to push for changes

‘There is a realisation that you need to sustain investment in wireless and fixed infrastructure as it is a fundamental piece of the new economy,’ says boss Inaki Berroeta.

  • Lucas Baird

May 2022

TPG founder David Teoh, resigned suddenly in March.

How a Teoh sell-out could benefit TPG

If the past indicates anything, it could be a bloodbath on the ASX if the telco’s reclusive owner takes this chance – but analysts are overwhelmingly bullish.

  • Lucas Baird

April 2022

The Queens Avenue residence in Vaucluse has views over Sydney Harbour.

Sydney home of telco tycoon can be yours for $41m-plus

Hong Kong telco tycoon Canning Fok and his wife are cashing in on Sydney’s bullish trophy home market by putting their Vaucluse home up for sale for more than $41 million.

  • Lucy Macken

December 2021

Street Talk.

David Teoh selling $335m TPG Telecom stake

TPG Telecom’s David Teoh was selling a $335 million stake in TPG Telecom on Thursday night, in a block trade via Macquarie’s equities desk. 

  • Anthony Macdonald, Yolanda Redrup and Kanika Sood

November 2021

TPG Telecom wants to power its entire Australian operation with renewable energy by 2025 but has skirted around a net-zero emissions target.

TPG appoints new chief financial officer

Alumina CFO Grant Dempsey will soon jump ship and join TPG Telecom from next February.

  • Lucas Baird

September 2021

Return on invested capital is unsatisfactory due to high structural costs.

TPG struggles to match Telstra’s strong share price march

While Telstra’s share price has lifted over 30 per cent higher so far this year, TPG has failed to access a similar level of growth.

  • Lucas Baird

August 2021

The 1897-built residence starred in the 1976 movie classic Caddie.

David Teoh smashes suburb record with $10.2m purchase

The TPG Telecom founder has gone shopping on Sydney’s lower north shore, splurging on Chatswood’s historic Hiawatha mansion, which was built in 1897.

  • Lucy Macken

July 2021

“The merger was the reuslt of a lot of years of collaboration, and what is really behind this merger is the realisation by two parties that we could be a much stronger competitor together,” Mr Berroeta said.

TPG boss defends business one year since merger

TPG Telecom chief executive Iñaki Berroeta does not think much of the corporate adage that ‘there is no such thing as a merger, only takeovers’.

  • Lucas Baird

May 2021

TPG has denied any connection between the three resignations, and chief executive Iñaki Berroeta thanked Ms Aris for her work.

TPG rocked by third exit this year

Government and enterprise executive Elizabeth Aris jumps ship after less than six months at the company.

  • Lucas Baird and Max Mason
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March 2021

The charge is on: Big business is entering a period of rapid and tumultuous change - both in strategy and leadership.

Australia faces disruption on steroids

Iron ore billionaire Andrew Forrest’s ambitious plan to turn Australia into a green steel powerhouse was a highlight of a tumultuous week in business.

  • Tony Boyd
David Teoh, in a letter to shareholders: “This is only the beginning for TPG Telecom.”

Teoh bombshell wipes nearly $1b from TPG

Investors have followed outgoing TPG Telecom David Teoh to the exit, meaning his 17.2 per cent stake in TPG is now worth nearly $170 million less than before his resignation became public.

  • Updated
  • Lucas Baird
TPG Telecom founder David Teoh is promising to disrupt the fixed-line broadband market again – this time using 5G.

Teoh’s exit raises more questions than answers

Whether David Teoh became frustrated at his diminished control or TPG’s larger shareholders have other goals in mind is unclear. But it is hard to believe he was done with his empire building.

  • Max Mason

February 2021

TPG’s 5G rollout is in full swing and it is primed to grow, chief executive Iñaki Berroeta says.

Tax credit lifts TPG to full-year profit

Chief executive Iñaki Berroeta said the company was primed to grow thanks to its new-found scale after last year’s merger with Vodafone Australia.

  • Updated
  • Lucas Baird

August 2020

TPG boss David Teoh retains two of his key executives in the newly merged company's leadership team.

TPG's Teoh keeps key execs in post-merger shake-up

TPG Telecom founder David Teoh has held on to two of his longest-serving executives in a management shake-up following the merger of TPG and Vodafone.

  • James Fernyhough

Original URL: https://www.afr.com/person/david-teoh-2qi