Report

Telstra (Hold, TP: A$3.75, +0.3%) 850/900MHz spectrum auction may complicate regional market challenges

Around one-third of Telstra’s A$3.4bn mobile EBITDA derives from its regional mobile business. The dynamics of the regional market are changing year-by-year with NBN Co consolidating its regional position in a growing network-based rivalry with Telstra, and a growing band of regional network and service rivals.
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
New Street Research
New Street Research

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Analysts
Ian Martin

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