Telstra Share Price Hits 52-Week High

Today, Telstra Share Price hits 52-Week High, by growing 1.16% in today’s day of trading, to hit $3.50 a share.It’s a notable achievement for the Aussie telco company amidst what Singtel Optus CEO Allen Lew describes as a ‘rife and intense’ time for the mobile market.

TPG Share Price Lifts despite Profit Plunging 76.3%

After releasing its half-year results, TPG Telecom Ltd [ASX:TPM] reported its profits had dropped 76.3% on account of collateral to its abandoned mobile network. However, this was offset by a moderate rise in earnings, as well as underlying profit which was largely helped by TPG’s merger with Vodafone Hutchison Australia.