Nov 12 (Reuters) - Telstra Corporation Ltd TLS.AX :
* RECONFIRMS FY21 GUIDANCE
* EXPECT TOTAL ENTERPRISE BUSINESS TO RETURN TO GROWTH IN FY22 AFTER COMBINING MOBILE, DATA & IP, NAS AND INTERNATIONAL
* PROPOSED LEGAL STRUCTURE INCLUDES INFRACO FIXED, WHICH WOULD OWN & OPERATE CO'S PASSIVE/PHYSICAL INFRASTRUCTURE ASSETS
* UPDATED ROIC TARGET ACCORDINGLY TO BE AROUND 8 PERCENT BY FY23
* HAVE PLAN TO IMPROVE FIXED EBITDA AND ARE TARGETING A MID-TEENS NBN RESELLER MARGIN IN FY23
* PROPOSED LEGAL STRUCTURE INCLUDES INFRACO TOWERS, WHICH WOULD OWN & OPERATE CO'S PASSIVE/PHYSICAL MOBILE TOWER ASSETS
* EXPECT OUR TOTAL ENTERPRISE BUSINESS TO RETURN TO GROWTH IN FY22
* ON TRACK TO DELIVER $2.5 BILLION IN NET PRODUCTIVITY BY FY22
* PROPOSED LEGAL STRUCTURE WITHIN TELSTRA GROUP, EXPECTED TO BE COMPLETED BY DECEMBER 2021
* PROPOSED LEGAL STRUCTURE INCLUDES SERVECO, WHICH WOULD OWN RADIO ACCESS NETWORK & SPECTRUM ASSETS
* INTENDS TO START SEEKING INVESTMENT FROM THIRD PARTIES WHILE MAINTAINING CONTROL OF STRATEGIC TOWERS