|Bid||4.00 x 250000|
|Ask||4.17 x 476000|
|Day's range||4.00 - 4.05|
|52-week range||3.70 - 5.60|
|PE ratio (TTM)||11.33|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Telstra is leading a consortium of large energy users that will buy renewable energy from a wind farm to be built in western Victoria. The long-term deal, which also includes ANZ, Coca-Cola Amatil and the University of Melbourne, gives construction the green light on the 226-megawatt first stage of the Murra Warra wind farm near Horsham. The wind farm, which is owned by RES Australia and Macquarie Capital, is expected to generate more energy than any other wind farm currently operating in the southern hemisphere once completed.
The federal government will work towards a new way to make sure all Australians have access to phone and broadband services, but will stick with the Telstra contract it has for now. Communications Minister ...
Telstra has splurged more than $72 million on additional mobile spectrum in a bid to back its current mobile network and support the development of 5G technology. Of the country's largest carriers, the telco snapped up the most mobile bandwidth ranges at the government spectrum auction which netted almost $93 million from Telstra, Optus, TPG, Vodafones and NBN Co combined. Telstra picked up 17 of the total 39 lots available, with the biggest chunk of its spending spree allocated to a block of 3.4Ghz spectrum in Brisbane.
Optus will compensate almost 9,000 customers after failing to provide them with the fast national broadband network services it promised. Optus admitted it may have breached consumer law by misleading customers when promoting NBN speeds it unable to deliver. Rival Telstra recently announced it would compensate 42,000 customers after a consumer watchdog investigation found that many customers could not receive the maximum speed listed on their plan, or even a lower-speed plan.
Telstra's shares have hit a one-month high after analysts upgraded the telco to a buy rating, saying the temporary halt of the rollout of the national broadband network will be "modestly financially positive". NBN Co announced the short-term suspension earlier last week saying it will allow the company time to work on measures to make connecting and using the service better, and improve its reliability.
Telstra has cut its full-year guidance for earnings and revenue, blaming the temporary suspension of the national broadband network HFC rollout by NBN Co for impacting its financials. The telco giant has reduced its 2017/18 revenue estimate by $700 million, and is now forecasting full-year revenue to be between $27.6 billion and $29.5 billion. Earnings are expected to be $600 million lower, and between $10.1 billion and $10.6 billion, Telstra said.
Telstra Corp., Australia’s biggest phone company, expects a A$600 million ($453 million) hit to profit this year after the government-run NBN Co. suspended sales of broadband connections that run over ...
The share market ended a day of fluctuating fortunes slightly weaker, amid falls for the heavyweight banks, miners and telcos. The benchmark S&P/ASX200 stock index dropped 4.5 points, or 0.1 per cent, ...
The share market ended a day of fluctuating fortunes slightly weaker, amid falls for the heavyweight banks, miners and telcos. The benchmark S&P/ASX200 stock index dropped 4.5 points, or 0.1 per cent, to 5,984.3 points. A lack of momentum is making it difficult for the market to leave the 6,000 point level behind, Macquarie Private Wealth division director Martin Lakos said.
Telstra boss Andy Penn expects many of the telco's customers to switch over to mobile from fixed broadband services when its 5G network is launched, but says it will not supersede the national broadband network. Speaking at a business briefing in Sydney, Mr Penn said a 5G mobile network will not be able to achieve the same level of capacity as the fixed line network due to cost restraints. "Yes, 5G will definitely enable many customers to switch to mobile in preference to a fixed broadband service at home.
Weaker commodity prices have weighed on resources stocks and Telstra is losing ground but the Australian share market is slightly stronger in early trade. The benchmark S&P/ASX200 index was up 0.2 per cent, at 5999.1 points after the first half-hour of trade, with the major miners weaker and Telstra continuing to fall after NBN Co announced it will temporarily suspend the national broadband network rollout so it can improve service quality. OptionsXpress market analyst Ben Le Brun said weaker commodity prices overnight was the catalyst for weakness in local mining stocks.
Telstra shares have sunk after NBN Co said it will temporarily suspend the national broadband network rollout so it can work on improving the quality of the service. The company tasked with building the NBN says it will suspend the rollout of the hybrid coaxial-fibre (HFC) network for six to nine months, from December 11, so it can work on measures to make connecting and using the service better, and to improve its reliability. "There will be a delay of the current rollout timing of new HFC areas while the company undertakes this work in both the existing footprint and areas not previously declared ready for service," NBN Co said in a statement on Monday.
DUBLIN--(BUSINESSWIRE)-- The "Australia - Telco Company Profiles: Telstra, Optus and Vodafone" report has been added to Research and Markets' offering. This report provides overviews, analyses ...
Australian businesses have cheered the nation's majority 'yes' decision in support of same-sex marriage and are urging federal parliament to legislate quickly. Qantas, Commonwealth Bank and ANZ were among those who warmly endorsed the 61.6 per cent 'yes' vote in favour of marriage equality unveiled on Wednesday by the Australian Bureau of Statistics. "We're delighted for our customers and our people who are celebrating today following the 'yes' outcome of the Australian Marriage Law survey," the Commonwealth Bank said on Twitter.
Telstra has offered to compensate around 42,000 customers after failing to provide customers with the fast National Broadband Network speeds they promised. The telco will offer remedies, including refunds, to those who purchased internet services through both the Telstra and Belong brands between September 2015 and November this year, after admitting it may have breached consumer law by promoting NBN speeds that it was not capable of delivering. An Australian Competition and Consumer Commission investigation found many customers were not receiving the top speed of their plan or even the maximum speed of a lower-speed plan.
Telstra has offered to compensate 42,000 customers after failing to provide customers with the fast National Broadband Network speeds they promised. An Australian Competition and Consumer Commission investigation found many of Telstra's customers could not receive the top speed of their plan, nor could they receive the maximum speed of a lower-speed plan. The investigation was prompted by an alert from Telstra to the ACCC that approximately 9,000 of its customers on two of its plans could not receive speeds above a lower-speed plan.
Analysts remain cautious about Telstra's outlook amid concerns of tough competition, falling fixed-line margins and the impact of the NBN. Telstra used its investor day this week to highlight its plan to focus more on 5G and the so-called Internet of Things (IoT), which enables more services to be delivered over its mobile network. The broker said it remains cautious and maintained its sell rating despite Telstra's dominance in both fixed and mobile.
Telstra boss Andrew Penn says the economics of the national broadband network are "challenging", but his organisation remains committed to being the market leader. Mr Penn told Telstra's investor day conference that wholesale prices on the NBN made for "extremely slim" margins for retailers offering services on the network, exacerbating the major earnings hit Telstra expects once the network is completed. "While the current economics are challenging I am confident that ultimately the dynamics will improve," he said.
Telstra has bought Australian owned GPS and technology company MTData in a move towards accelerating its 'Internet of Things' business globally. The acquisition, which is believed to have cost Telstra around $50 million, will provide the telco with advanced technology and expertise in connected vehicle solutions. It is understood the technology from MTData helps transport companies manage their logistics by tracking vehicles and producing data to give a better understanding about driver fatigue.
Telstra has offered refunds to some subscribers of its AFL streaming service after the consumer watchdog raised concerns about the telco's disclosure of the size of its viewing screen available on mobiles and tablets. The consumer watchdog says Telstra in January introduced a screen-size restriction for live AFL matches on its Live Pass app - meaning games no longer appeared full-screen on many tablets - but did not clearly notify the change to subscribers. It is understood the change only impacted a small number of customers with more than 90 per cent of Telstra consumers streaming the app on phone rather than tablets.
Telstra has offered refunds to some subscribers of its AFL streaming service after the consumer watchdog raised concerns about the telco's disclosure of the size of its viewing screen available on mobiles and tablets. The consumer watchdog says Telstra in January introduced a screen-size restriction for live AFL matches on its Live Pass app - meaning games no longer appeared full-screen on many tablets - but did not clearly notify the change to subscribers. The AFL Live Pass app is advertised on the AFL website with images of matches appearing full-screen on tablets, the Australian Competition and Consumer Commission said.
Telstra says competition in the telecommunications sector remains tough and concedes it will probably lose customers to smaller rival TPG Telecom when the market newcomer establishes its own mobile phone network. Telstra chairman John Mullen says TPG is "a formidable operator", and Telstra is not underestimating its impact on pricing and competition.
Telstra chairman John Mullen says the telco's board had "many sleepless nights" agonising over the decision to cut its historically high dividends but making no change would have put the company's balance sheet at risk. Mr Mullen told shareholders at the company's annual general meeting on Tuesday that he realised that the company's recent decision to change its dividend policy was tough on shareholders. "We spent many long hours debating it, many sleepless nights working it through in our minds, knowing full well the impact it would have on our shareholders," Mr Mullen said in Melbourne on Tuesday.
Telstra chairman John Mullen says the end of Telstra's policy to pay almost all profits out as dividends was tough on shareholders but he expects the company to maintain or increase the total dividend over time as earnings grow. Telstra chief executive Andrew Penn told shareholders at the company's annual general meeting in Melbourne that the operating environment for telcos is challenging, with increased competition, digital disruption and the migration to the NBN (National Broadband Network) to be dealt with over the next two to three years. Telstra has confirmed its guidance for 2017/18, saying it expects income in the range of $28.3 billion to $30.2 billion and EBITDA (earnings before interest, tax, depreciation and amortisation) of $10.7 billion to $11.2 billion.