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TLS - Telstra News Story

NZD3.76 0.1  2.5%

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Sector
Telecoms
Size
Large Cap
Market Cap £22.65bn
Enterprise Value £32.46bn
Revenue £12.37bn
Position in Universe 15th / 1913

Australia's Telstra Corp trims fiscal 2019 core earnings outlook

Wed 5th September, 2018 11:19pm
Sept 6 (Reuters) - Australian telecom firm Telstra Corp Ltd
 TLS.AX  on Thursday trimmed its fiscal 2019 outlook to account
for  the corporate plan of Australia's National Broadband
Network (NBN) being published.
    The country's largest telecom firm said in a statement it
was updating its guidance to account for its assumption
regarding the NBN rollout and migration in fiscal 2019 differing
from the NBN Corporate Plan 2019, which was released on Aug. 31.
    The firm said it expects fiscal 2019 core earnings excluding
restructuring costs to come in between A$8.7 billion ($6.26
billion) to A$9.4 billion ($6.76 billion), slightly lower than
the A$8.8 billion to A$9.5 billion range provided earlier.  
   ($1 = 1.3906 Australian dollars)

 (Reporting by Aaron Saldanha in Bengaluru
Editing by Chris Reese)
 ((Aaron.Saldanha@thomsonreuters.com; +91 80 6749 1130; Reuters
Messaging: Aaron.Saldanha@thomsonreuters.com@reuters.net))
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