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TLS - Telstra News Story

NZD3.74 -0.0  -0.3%

Last Trade - 4:21am

Sector
Telecoms
Size
Large Cap
Market Cap £22.74bn
Enterprise Value £32.64bn
Revenue £12.49bn
Position in Universe 16th / 1911

BRIEF-Telstra To Create 3 Legal Entities Within Group, Affirms FY21 Forecast

Wed 11th November, 2020 9:17pm
Nov 12 (Reuters) - Telstra Corporation Ltd  TLS.AX :
    * RECONFIRMS FY21 GUIDANCE
    * EXPECT TOTAL ENTERPRISE BUSINESS TO RETURN TO GROWTH IN
FY22
AFTER COMBINING MOBILE, DATA & IP, NAS AND INTERNATIONAL
    * PROPOSED LEGAL STRUCTURE INCLUDES INFRACO FIXED, WHICH
WOULD OWN
& OPERATE CO'S PASSIVE/PHYSICAL INFRASTRUCTURE ASSETS
    * UPDATED ROIC TARGET ACCORDINGLY TO BE AROUND 8 PERCENT BY
FY23
    * HAVE PLAN TO IMPROVE FIXED EBITDA AND ARE TARGETING A
MID-TEENS
NBN RESELLER MARGIN IN FY23
    * PROPOSED LEGAL STRUCTURE INCLUDES INFRACO TOWERS, WHICH
WOULD
OWN & OPERATE CO'S PASSIVE/PHYSICAL MOBILE TOWER ASSETS
    * EXPECT OUR TOTAL ENTERPRISE BUSINESS TO RETURN TO GROWTH
IN FY22
    * ON TRACK TO DELIVER $2.5 BILLION IN NET PRODUCTIVITY BY
FY22
    * PROPOSED LEGAL STRUCTURE WITHIN TELSTRA GROUP, EXPECTED TO
BE
COMPLETED BY DECEMBER 2021
    * PROPOSED LEGAL STRUCTURE INCLUDES SERVECO, WHICH WOULD OWN
RADIO
ACCESS NETWORK & SPECTRUM ASSETS
    * INTENDS TO START SEEKING INVESTMENT FROM THIRD PARTIES
WHILE
MAINTAINING CONTROL OF STRATEGIC TOWERS

Source text for Eikon:  ID:nASX8r8g0c 
Further company coverage:  TLS.AX 

 ((Reuters.Briefs@thomsonreuters.com))
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