Soul seeks synergies in TPG.

Byline: Renai LeMay

Mar 24, 2008 (The Australian Financial Review - ABIX via COMTEX) -- SP Telemedia expects to improve its results with synergies from its acquisition of TPG Holdings. The Australian telco, which trades as Soul, has reported revenue of $A202.7 million for the six months to 31 January 2008, a fall of 2.1 per cent. Net profit was $A2.53 million, down from $A4.64 million. SP Telemedia expects its shareholders to support the proposed $A221.5 million acquisition of internet service provider, TPG. It said that the synergies will increase shareholder value.

Publication Date: 25 March 2008

 SP TELEMEDIA LIMITED - ASX SOT SOUL TPG HOLDINGS LIMITED WASHINGTON H SOUL PATTINSON AND COMPANY LIMITED - ASX SOL 

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