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TLS - Telstra News Story

NZD3.72 0.0  0.0%

Last Trade - 14/05/21

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

BUZZ-Australia's Reverse Corp falls on plan to shut 1800-Reverse unit

Mon 3rd September, 2018 5:52am
** Reverse Corp Ltd  REF.AX  falls as much as 5.2 pct to
    ** The reverse charge calling services provider said its
agreement with Telstra Corp  TLS.AX  for billing of Telstra
mobiles will end on Feb 28, 2019 which it estimates to hurt
EBITDA by A$65,000 ($46,728.50) per month
    ** In light of recent similar terminations, co proposes to
close its subsidiary 1800-Reverse in March 2019
    ** Stock posts biggest intraday pct fall since June 29
    ** More than 1.5 mln shares change hands, compared with the
30-day average volume of 322,628
    ** Stock has risen 36.6 pct this year as of last close
 ($1 = 1.3910 Australian dollars)

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