|Bid||3.69 x 56537000|
|Ask||3.70 x 65659700|
|Day's range||3.65 - 3.71|
|52-week range||3.34 - 5.29|
|PE ratio (TTM)||11.38|
|Earnings date||15 Feb. 2018|
|Forward dividend & yield||0.25 (8.50%)|
|1y target est||3.82|
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.
The telecommunication sector is likely to be the only sector to finish the year in the red. But can changes to the NBN wholesale price deliver an earnings present to Telstra Corporation Ltd (ASX:TLS) and friends?
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.
Investors looking for an alternative to Telstra Corporation Ltd (ASX:TLS) might want to consider Wesfarmers Ltd (ASX:WES) as the conglomerate owner of top retail brands such as Coles and Bunnings.
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 ...