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