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BRIEF-Telstra Corporation Sees FY20 Total Operating Expenses To Decline

Published 27/11/2019, 09:58 am
© Reuters.  BRIEF-Telstra Corporation Sees FY20 Total Operating Expenses To Decline
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Nov 27 (Reuters) - Telstra Corporation Ltd TLS.AX :

* IN FY20, EXPECT TOTAL OPERATING EXPENSES, EXCLUDING RESTRUCTURING COSTS & IMPAIRMENTS, TO DECLINE

* EXPECT ADDITIONAL RESTRUCTURING COSTS OF AROUND $300 MILLION ASSOCIATED WITH T22 IN FY20

* EXPECTATION IS THAT ARPU WILL CONTINUE TO DECLINE IN FY20

* EXPECT MOBILE GROSS MARGIN TO RETURN TO GROWTH WITHIN NEXT TWELVE MONTHS

* POSTPAID HANDHELD ARPU IS EXPECTED TO DECLINE IN 1H20 BY A GREATER RATE THAN 2H19, WITH DECLINE MODERATING IN 2H20

* RECONFIRMING FY20 GUIDANCE

* TARGET IS TO REDUCE UNDERLYING FIXED COSTS BY A CUMULATIVE $2.5 BILLION BY FY22, RELATIVE TO FY16

* EXPECT SECOND HALF PERFORMANCE VERSUS PCP TO BE STRONGER THAN FIRST HALF

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