REG - Telstra Corp. Ld - Transcript - Half Year Financial Results Briefings

TelstraAnnouncement

18/02/2019 07:00

RNS Number : 3264Q
Telstra Corporation Ld
18 February 2019
 






 
18 February 2019 
 
 
The Manager
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ELECTRONIC LODGEMENT
  
Dear Sir or Madam
 
Telstra Corporation Limited - Transcript from Analyst and Media Briefings - Financial results for the half-year ended 31 December 2018
 
A copy of the transcript from the Analyst and Media briefings held on Thursday 14 February 2019, in relation to Telstra's results for the half-year ended 31 December 2018, has been sent to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.
 
The transcript includes the following clarification to the verbatim on page 29:
 
KANE HANNAN:
Thanks for the follow-up, guys. Just wanted to confirm, that discussion around the retail margin falling down towards zero in the NBN world, is that encapsulated in the $3 billion nbn headwind that you guys have previously spoken to?
 
ANDREW PENN:
Ahh No. Not completely, Kane. Because when we did that analysis, we assumed that the - there's an aspect of it - but we assumed that, ultimately, there would be a residual margin in that business around about, you know, mid-teens. Which is what we've sort of, historically, said as a reseller, that's the sort of margin that you would expect to achieve. [in the single digit EBITDA however, this is less than the mid-teens we would expect as a reseller].
 
 
Yours faithfully
         
                            
Sue Laver
Company Secretary
 




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