Feb 14 (Reuters) - Telstra Corporation Ltd TLS.AX :
* "HISTORIC PRACTICE OF PAYING 100% OR MORE OF OUR EARNINGS IN DIVIDEND WAS UNSUSTAINABLE"
* TO ACCELERATE COST REDUCTION PROGRAM IN H2 FY19 & INTO FY20; REMAINS ON TRACK TO REDUCE UNDERLYING FIXED COSTS BY $2.5 BILLION BY FY22