TPG's biggest byte

TPG is one of the most successful startups in Australian corporate history, but does that make it a great buy today?

There can't be many more spectacular corporate success stories than TPG Telecom. From a single shop selling computer hardware back in 1986, it has morphed into a $9bn juggernaut that connects a quarter of Australian households onto the internet. Its ascent has been relentless, swift and we completely missed it.

The business released full-year results this week that confirm that financial success has followed stunning gains in market share.  As you can see from Table 1, this was an impressive result.

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