The TPG spin-off is a newly established and disruptive entrant to Singapore’s mobile telco market. The stock offers an opportunity to invest along side the most successful operators in the space.

The company is being run straight from the David & Vicki Teoh playbook, who control the company along with this long-time supporter, the Millner backed ASX listed investment vehicle Washington H Soul Pattinson.

Paid subscriptions started in 2020 and its addressable market is a relatively wealthy population of around 6m. David Teoh, an entrepreneur and manager in the telecommunications industry and founder of TPG Australia, will fill the Executive Chairman role.

Tuas was listed on the ASX on 14 July 2020 following the merger between TPG Australia and Vodafone Hutchinson. Shareholders of TPG Australia received one Tuas share for every two TPG Australia shares as an in-specie dividend.