The TPG Telecom Ltd (ASX: TPM) share price has rebounded 5% in a week, after months of heavy falls.
TPG share price
As can be seen above, the TPG Telecom share price came under intense selling pressure last year. At the time, the telecommunications sector was the apple in the eye of most Australian investors.
However, TPG, Vocus Group Ltd (ASX: VOC) and Telstra Corporation Ltd (ASX: TLS) shares swiftly tumbled down. Fears of the NBN's rollout and regulatory decisions 'suddenly' appeared at a time when valuations were most stretched.
Despite the fall not much has changed.
For example, the NBN is rolling out. That was announced years ago.
TPG is expanding into Asia, which we've known for some time.
It's also launching a 5g mobile network, which is a natural step for any broadband internet provider.
And best of all, the company's major shareholders, including its boss, hold large stakes in the company.
In my opinion, the only real difference between August last year, when TPG shares fetched $12, and now, at $6, is the margin for error. That is, the difference between price and value has improved.
Foolish Takeaway
I'm not sure I would call TPG Telecom shares a bargain at today's prices. However, if I was going to buy some shares in this growing telco, I would much rather buy them at today's prices than those of six months ago.
