Telstra Lays Down the Roadmap to Plugging the NBN Earnings Hole
We retain our AUD 6.00 fair value estimate for narrow moat-rated Telstra, following the update of its playbook to address the key issues on investors' minds.First, we are encouraged by the details of plans to plug the AUD 2 to 3 billion per year EBITDA hole, when the National Broadband Network, or NBN, is rolled out. While the AUD 1 billion in net cost savings per year goal is ambitious, many of the measures are within Telstra's control. We are also comforted by the focused strategy to bridge 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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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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