A 28-year-old Sydneysider has bought his first Sydney home for $16 million – no mortgage required.
The circumstances leading to David Teoh’s abrupt departure remain just as mysterious as the way he led TPG - from inception to its merger with Vodafone Hutchison Australia.
TPG Telecom is mulling its options against Shane Teoh,a director and the son of its reclusive billionaire chairman,after he was convicted of assault.
TPG Telecom shareholders have overwhelmingly backed the $15 billion deal,paving the way for the creation of a a stronger rival for Telstra and Optus to contend with.
Vodafone has acquired a massive amount of much sought after 4G spectrum through its now court-approved merger with TPG,but the chance of an appeal could waylay any expansion.
Teoh is one of the most notoriously private chief executives in the country but he found himself thrust into the spotlight in 2019.
A senior TPG Telecom executive has claimed it scrapped plans for a 4G network following “community pressure” over the health impacts of mobile technology.
TPG's board was characterised as a bunch of'yes'men who agreed to whatever David Teoh was proposing,no matter that it involved spending billions on construction and spectrum.
The reclusive billionaire made a public appearance this week to give evidence in a make-or-break competition court case. But will it all be worth it?
In an extraordinary admission by the head of an ASX company,billionaire David Teoh said his board signs off on his plans with little to no documentation.
One of the nation's most prominent investors has suggested the government influenced the ACCC decision to block the merger to protect the national broadband network.