Report
Brian Han
EUR 100.00 For Business Accounts Only

Sustainable Dividends as Telstra Undertakes Transformation

The importance of the 239,000 increase in Telstra post-paid mobile subscribers in the December-half cannot be overemphasised. Granted, the cost of this gain was felt in the 2% fall in post-paid average revenue per user, or ARPU, and manifested in the 6% decline in fiscal 2019 first-half mobile EBITDA to AUD 1,905 million. However, these outcomes for the narrow-moat group's most important division (41% of group normalised EBITDA) were still moderately above expectations. Critically, increasing su...
Underlying
Telstra Corporation Limited

Telstra is engaged in providing telecommunications and information services for domestic and international customers. Co.'s operating segments are Telstra Retail, Global Enterprise and Services, Telstra Operations, and Telstra Wholesale. As of June 30 2016, Co. provided retail fixed data services to 3.4 million customers, retail fixed voice services to 5.7 million and domestic retail mobile services to 17.2 million customers.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brian Han

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