Nov 11 (Reuters) - TPG Telecom Ltd TPM.AX :
* TPG launches A$300M underwritten placement TPM.AX
* Says company notes that tpg's operations, including the integration of the iinet acquisition, are proceeding as expected
* Says placement is not expected to have a material impact on tpg's FY 2016 earnings per share
* Says net proceeds of the placement will be used to partly repay the acquisition debt
* Net proceeds of the placement will be used to partly repay the acquisition debt in order to support ongoing growth capex initiatives
* Says tpg's pro forma gearing will reduce to 2.2x
* Source text for Eikon ID:nASX3B2bVD