Australia’s TPG Telecom hits four-month peak on upbeat earnings

(Reuters) – Shares of Australia’s TPG Telecom surged to a more-than-four-month high on Friday after the telco logged a 3.4% rise in its underlying earnings to A$1.99 billion ($1.24 billion) for the year ended December 31.

($1 = 1.6095 Australian dollars)

(Reporting by Rajasik Mukherjee; Editing by Mrigank Dhaniwala)