REG - Telstra Corp. Ld - Telstra reviewing impact of NBN's Corporate Plan

TelstraAnnouncement

30/08/2019 07:55

RNS Number : 6827K
Telstra Corporation Ld
30 August 2019
 


 
 
 
 




30 August 2019
 
 
The Manager
 
 
RNS


Office of the Company Secretary
 
Level 41
242 Exhibition Street
MELBOURNE VIC 3000 AUSTRALIA
 
General Enquiries   03 8647 4838
Facsimile 03 8600 9800




 
 
 
 
 
 
ELECTRONIC LODGEMENT
 
 
 
Dear Sir or Madam
 
Telstra reviewing impact of NBN Co's Corporate Plan 2020 on FY20 outlook
 
In accordance with the Listing Rules, I attach a market release for release to the market.
 
Yours faithfully
 
 
Sue Laver
Company Secretary
 
 
 


 
MARKET RELEASE
 
 
Telstra reviewing impact of NBN Co's Corporate Plan 2020

on FY20 outlook
 
 
Friday 30 August - NBN Co's Corporate Plan 2020 announced today requires Telstra to review the impact of the changes to the nbn roll out and migration on Telstra's FY20 guidance.
 
Telstra's FY20 guidance provided to the market on 15 August 2019 was predicated on NBN Co's previous Corporate Plan 2019 and assumed the nbn rollout and migration in FY20 would be broadly in accordance with the 2019 plan.
 
NBN Co's Corporate Plan 2020 provides updated information regarding their outlook for FY20, including a reduction in the total number of premises forecast to be connected during FY20 from 2 million to 1.5 million.
 
Telstra anticipates providing an update to the market on its own FY20 outlook early next week once this assessment is complete.
 
 
 
 
-ends-
 
 
Media contact: Jon Court
M: +61 (0) 408 423 516
E: media@team.telstra.com
 
Investor contact: Ross Moffat
M: +61 (0) 475 828 700
E: investor.relations@team.telstra.com
 
Reference number: 084/2019
 




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