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TLS - Telstra News Story

NZD3.72 0.0  0.0%

Last Trade - 14/05/21

Sector
Telecoms
Size
Large Cap
Market Cap £22.56bn
Enterprise Value £32.38bn
Revenue £12.39bn
Position in Universe 16th / 1913

BRIEF-Telstra Corp Expects NBN To Reduce Telstra’s Profit To Nearly Halve When Fully Rolled Out

Tue 16th October, 2018 12:22am
Oct 16 (Reuters) - Telstra Corporation Ltd  TLS.AX :
    * "THE NBN WILL HAVE REDUCED TELSTRA’S NET PROFIT AFTER TAX
BY
CLOSE TO A HALF WHEN FULLY ROLLED OUT. NOT A FEW PER CENT, HALF"
    * "THE NBN IS THE SINGLE BIGGEST IMPACT ON TELSTRA’S
FINANCIALS,
AND THE IMPACT IS PROFOUND. "
    * REAFFIRMS FY19 TOTAL INCOME EXPECTED IN RANGE OF $26.2 TO
$28.1
BILLION
    * REAFFIRMS FY19 EBITDA, EXCLUDING RESTRUCTURING COSTS TO BE
IN
RANGE OF $8.7 TO $9.4 BILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nASX4glGk
Further company coverage:  TLS.AX 

 ((Reuters.Briefs@thomsonreuters.com;))
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