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PIPE AND VHA SIGN 15 YEAR TELECOMMUNICATIONS AGREEMENT


PIPE Networks Pty Limited (PIPE), a wholly owned subsidiary of TPG Telecom Limited
(ASX: TPM), today announced the signing with Vodafone Hutchison Australia Pty
Limited (VHA) for a high speed fibre based network by way of an Indefeasible Rights to
Use (IRU) telecommunications agreement.

Under the agreement, PIPE will provide capacity on its existing fibre network and also
roll out approximately 900 kilometres of new dark fibre over two years, providing
connectivity between select VHA sites in Queensland, New South Wales and Victoria.
This represents a 60 per cent increase over PIPE's existing network footprint of
approximately 1500 kilometres and cements PIPE's position as Australia's third largest
metro dark fibre provider.

"The growth in mobile internet devices and associated data usage in recent years has
seen mobile carriers invest heavily in their networks to enhance their customers' mobile
experience. I am delighted that VHA has chosen PIPE Networks to be a significant part
of their overall investment in their high speed network," said Jason Sinclair, CEO of
PIPE Networks. "This is the largest customer contract in the history of PIPE Networks
and continues an excellent year for PIPE which has seen the addition of several high
profile clients to our customer base."

The contract is the latest in a series of significant investments that VHA has made into
the Vodafone 3G network to bring a stronger, better network to the more than 7 million
customers they service nationally.

Design and delivery of the network will be handled by PIPE's ISO 9001 certified Fibre
Operations and Provisioning Team. Initial designs are well under way and first services
under the contract will be delivered mid-2011.

The size of the network build (900km) will increase capital expenditure in the years
FY11 - FY13 but otherwise is not expected to have a material impact on the TPG
Group's results for FY11.

ENDS