🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

BRIEF-Telstra Corp issues outlook update

Published 18/11/2016, 05:32 pm
© Reuters.  BRIEF-Telstra Corp issues outlook update
TLS
-

Nov 18 (Reuters) - Telstra Corporation Ltd TLS.AX :

* "Estimate that migration associated with moving to NBN will be approximately 20 per cent of total receipts"

* "Will review our long-term CAPEX requirements"

* "Targeting aggregate run rate benefits in excess of $500 million per annum in EBIDA fully realised by FY21"

* "Providing a target of more than $1 billion net reduction in our underlying core fixed costs by FY 21"

* Projects investment of more than $1 billion dollars in regional Australia and remote coverage over next four to five years

* "For FY 17, difference between our reported and underlying costs will include $300 - $500 million of restructuring costs"

* "CAPEX-to-sales will be around 18 per cent over next three years" Source text for Eikon: ID:nASX7MKxqv Further company coverage: TLS.AX

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.