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BRIEF-Telstra Corporation Updates Fy20 Guidance For NBN Co's Corporate Plan 2020

Published 02/09/2019, 11:20 am
© Reuters.  BRIEF-Telstra Corporation Updates Fy20 Guidance For NBN Co's Corporate Plan 2020
TLS
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Sept 2 (Reuters) - Telstra Corporation Ltd TLS.AX :

* UPDATES FY20 GUIDANCE FOR NBN CO'S CORPORATE PLAN 2020

* TELSTRA TO UPDATE ITS FY20 COST REDUCTION TARGET FROM $660 MILLION TO $630 MILLION

* NO LONGER ANTICIPATES FY20 BEING YEAR OF PEAK NBN HEADWIND AND NOW ESTIMATES THIS WILL OCCUR IN FY21.

* UPDATE FY20 COST REDUCTION TARGET FROM $660 MILLION TO $630 MILLION.

* SEES FY20 TOTAL INCOME TO BE BETWEEN $25.3 BILLION TO $27.3 BILLION

* SEES FY20 UNDERLYING EBITDA OF $7.4 BILLION TO $7.9 BILLION

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