Shares of TPG Telecom (ASX:TPG) went up as much as 6.3% to A$5.720, their highest level since August 22, 2022.

The stock, which was last up 3.2%, set for its best day since August 1 of the same year.

The telecom giant bolstered its FY EBITDA guidance to between A$1.93 billion and A$1.95 billion, rising to the top quartile of the previous range.

In addition, the company posted a 4.5% rise in its HY services revenue.

However, the company had a HY NPAT of A$48 million, a lessen figure from A$167 million the previous year.

TPG Telecom’s stock has risen 11% so far this year, as of its last close.

TPG Telecom is a telecommunication company based in Australia.