|Bid||2.94 x 402500|
|Ask||2.96 x 810000|
|Day's range||2.90 - 3.11|
|52-week range||2.90 - 4.70|
|PE ratio (TTM)||8.73|
|Forward dividend & yield||0.16 (4.77%)|
|1y target est||N/A|
Australia’s biggest telecoms company said on Wednesday it would take “bold action” to simplify the business and cut costs, including reducing some 1,800 consumer and small-business customer plans to just 20 over three years. “The rate and pace of change in our industry is increasingly driven by technological innovation and competition,” said Andy Penn, Telstra chief executive. Shares in Telstra slumped 5 per cent to a six-year low of A$2.70 as the company said revenues would fall by up to 3 per cent in 2019.
CANBERRA, Australia (AP) — Telstra Corp., Australia's largest telecommunications company, announced on Wednesday that it will ax 8,000 jobs — one in four employees — over three years in a bid to save 1 billion Australian dollars ($740 million).
Australia’s largest telecommunications company said it will cut 8,000 jobs, potentially spin off a new infrastructure unit and consider selling as much as A$2 billion ($1.5 billion) of assets as it struggles with increased competition.
Telstra Corp. plans to cut 8,000 jobs, sell assets and potentially spin off a new infrastructure business in a make-or-break attempt to fend off competition. “We are now at a tipping point,” Chief Executive Officer Andrew Penn said in a statement. Under pressure to change course as Telstra’s stock price and earnings dwindle, Penn said Australia’s largest telecommunications company will undergo a “radical simplification.” More than 1,800 consumer and small-business products will be distilled into just 20, helping to eliminate two thirds of customer-service calls by 2022.
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Over the past 10 years, Telstra Corporation LimitedRead More...
Telstra Corp. had its debt downgraded by S&P Global Ratings for the first time in 12 years, sending its bonds lower and compounding the years-long rout in its share price as the former phone monopoly struggles to contain competition. The ratings company on Monday lowered the long-term issuer and issue ratings on Telstra to A- from A, citing the phone company’s vulnerability to price and market-share erosion. Telstra’s dollar bonds due in 2027 dropped 0.2 cent, the biggest decline in over a week, to 94.4 cents on the dollar, according to prices compiled by Bloomberg.
HONG KONG (AP) — A Chinese tech giant has been brought to its knees. Tougher inspections at Chinese ports are holding up cars, apples and lumber imported from the U.S. These are among the early signs that the widening trade dispute between China and the U.S. is exacting a toll on both sides.
Telstra has been fined $10 million for using a third-party billing service to automatically charge customers for services they didn't want, including ring tones and competitions. The consumer watchdog ...
Telstra is set to learn whether it must pay up to $10 million in fines and customer refunds totalling $5 million after action by the consumer watchdog. Federal Court Justice Mark Moshinsky is on Thursday ...
Foxtel and Fox Sports have merged into a single company two months earlier than expected. Rupert Murdoch-controlled News Corp previously owned Fox Sports and half of Foxtel, with the other half owned by telecommunications giant Telstra, with the merger forecast to be completed by June. News Corp and Telstra have previously said the arrangements will better position the new company for an initial public offering in the future.
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.