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    TPG   AU0000090128

TPG TELECOM LIMITED

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TPG Telecom : and Ericsson announce 5G Core partnership for standalone 5G networks

09/08/2021 | 07:46am EDT

TPG Telecom (ASX: TPG) and Ericsson (NASDAQ: ERIC) have announced the completion of the virtualisation of TPG Telecom's core network and a new partnership to deploy its 5G Core for standalone 5G networks.

TPG Telecom and Ericsson announce 5G Core partnership for standalone 5G networks

The virtualisation of TPG Telecom's core network sees it become the first operator in Australia to have its entire 4G and 5G customer base on a virtualised platform. Virtualisation of TPG Telecom's core network is the result of a multi-year partnership between TPG Telecom and Ericsson.

Building on the success of the virtualisation programme, TPG Telecom has extended its partnership with Ericsson to include the deployment of its 5G Core for standalone network. Ericsson's cloud native dual-mode 5G Core will drive service and technology innovation for TPG Telecom's customers.

The completion of TPG Telecom's 5G standalone Core Network will assist the operator to cover 85 per cent of the population in ten of Australia's largest cities and regions with its 5G network by the end of this year, whilst enabling it to deliver innovative services and emerging industry 5G applications with greater flexibility and scalability.

The 5G Core network is based on future-proof network architecture that will enable TPG Telecom to combine 4G and 5G technologies on one platform, delivering tailored services for its customers through network slicing, network exposure, and edge capabilities. The new cloud-native 5G Core network will deliver the full benefits of automation and enhance 5G customer experience through improved network speed, latency, and coverage.

TPG Telecom Executive General Manager Mobile and Fixed Networks Barry Kezik, said: 'The virtualisation of our core network has enabled us to fast-track our 5G rollout without disrupting 4G services.

'By introducing our new 5G Core network, we are ensuring that we can significantly expand our 5G coverage whilst introducing new and innovative 5G industry applications that are tailored to enterprises.'

Emilio Romeo, Head of Ericsson, Australia and New Zealand, said: 'This achievement is a testament to the strong and ongoing partnership that we have with TPG Telecom. The virtualisation of its core network will be critical in unleashing the potential of 5G using Ericsson's market leading 5G Core solutions.'

'I am looking forward to continue building our partnership with TPG Telecom as we support the deployment of a 5G standalone that will truly enable everyday consumers and enterprise to harness the potential of 5G.'

Background

The successful virtualisation of TPG Telecom's Core network was enabled by the Telco Cloud Transformation partnership between TPG Telecom and Ericsson which delivered a leading-edge horizontal NFVI platform to virtualise TPG Telecom's Core network and a range of multi-vendor network functions. This partnership has now been expanded to evolve the NFVI platform to a Cloud-native, container based environment, which will allow TPG Telecom to deploy Cloud-native Network Functions (CNFs) , including Ericsson's dual-mode 5G Core.

The mobile network owned by TPG Telecom provides services to Vodafone, TPG, iiNet, Lebara, felix and Kogan mobile customers. TPG Telecom's 5G services are available in selected areas in more than 700 suburbs around Australia and the company currently has around 1,600 sites in the planning and design phase. TPG Telecom's plan is to cover 85% of the population in ten of Australia's largest cities and regions by the end of 2021 for customers with a compatible 5G approved device.

NOTES TO EDITORS

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MORE INFORMATION AT:

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media.relations@ericsson.com (+46 10 719 69 92)

investor.relations@ericsson.com (+46 10 719 00 00)

TPG Telecom Media:

joshua.mcintosh@vodafone.com.au (+61 416 117 091)

ABOUT ERICSSON

Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans the business areas Networks, Digital Services, Managed Services and Emerging Business. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

ABOUT TPG TELECOM

TPG Telecom (ASX:TPG) is an Australian telecommunications company which is home to some of Australia's most-loved brands including Vodafone, TPG, iiNet, AAPT, Internode, Lebara and felix. TPG Telecom owns and operates nationwide mobile and fixed networks that are connecting Australia for the better. These include Australia's second-largest fixed voice and data network, with more than 27,000 kilometres of metropolitan and inter-capital fibre networks and a leading mobile network comprising more than 5,600 sites and covering over 23 million Australians. As the second largest telecommunications company listed on the ASX, TPG Telecom has a strong challenger spirit and a commitment to delivering the best services and products to its customers. www.tpgtelecom.com.au

(C) 2021 Electronic News Publishing, source ENP Newswire

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ERICSSON -0.26% 105.48 Delayed Quote.8.34%
TPG TELECOM LIMITED 1.15% 7.02 End-of-day quote.-2.77%
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Sales 2021 5 358 M 3 962 M 3 962 M
Net income 2021 186 M 137 M 137 M
Net Debt 2021 4 086 M 3 021 M 3 021 M
P/E ratio 2021 70,1x
Yield 2021 2,02%
Capitalization 13 053 M 9 688 M 9 651 M
EV / Sales 2021 3,20x
EV / Sales 2022 3,02x
Nbr of Employees 5 000
Free-Float 31,9%
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Iñaki Berroeta Aurrecoechea Chief Executive Officer, Director & MD
Stephen Banfield Chief Financial Officer
Kin Ning Fok Chairman
Robert James Group Chief Digital & Information Officer
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