TPG Telecom is on track to streamline its operations onto a single technology stack by FY26 as part of its ongoing IT modernisation efforts.
Iñaki Berroeta (TPG)
In its last financial year, ended December 31, 2024, TPG reduced its application count by 15 percent, cutting 97 applications [pdf]
The telco aims to bring its total application count to fewer than 250 by 2029, a significant drop from the 800 applications and seven IT stacks it inherited following its 2020 merger with Vodafone.
Speaking during TPG’s investor presentation, CEO Iñaki Berroeta said the company’s “complex legacy systems” have held back its product innovation in the past and also hampered customer engagement.
“Making it easier for customers is all about bringing the benefits of a simpler business to our customers,” he said.
“A smaller portfolio of great value plans and products increase digital capability and the benefits of a single, lean IT architecture, where legacy no longer as slows us down.
“Becoming faster, simpler, and stronger is about simplifying our structure and reducing the capital and cost required to run the business.”
As of now, TPG has 568 applications currently in operation and plans to cut a further 100 this financial year.
Additionally, the company will reduce its number of plans by around 750 this year, having cut the amount by 69 percent to 1145 in 2024.
TPG closed the year with revenue of $1.98 billion, which it said was aided by a 1.8 percent increase in mobile customers.
However, TPG posted a net-loss-after-tax of $107 million loss, which was attributed to writing off $250 million regional mobile network assets as part of its network-sharing agreement with Optus that was announced last April.