Telstra Joins the Fight Club
Telstra's fiscal 2018 earnings release was uneventful, with the 5% decline in EBITDA to AUD 10.1 billion in line with our expectations and fiscal 2019 guidance reiterated at an EBITDA range of AUD 8.8 to 9.5 billion (up AUD 100 million but purely due to accounting changes). Then again, the narrow-moat-rated group could do with a little uneventfulness, having just endured a torrid stretch marred by rising competitive intensity, negative earnings revisions, and heavy restructuring pains, both at t...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.
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