ACCC Declares No Mobile War but Battles Still Ahead for Telstra
Australian Competition and Consumer Commission’s, or ACCC’s, draft decision on mobile roaming is based on a rationale consistent with the view we have been advocating for maintaining the status quo. As such, we maintain our AUD 4.80 per share fair value estimate for narrow moat-rated Telstra, with its shares now trading at a discount of just 8% to our intrinsic assessment.While the regulatory outcome is a much-needed relief, there is no time for Telstra to bask in the glory. The ACCC’s decision...
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.
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.
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