Telstra Corporation Ltd
.JPG)
TLS Details
Telstra will axe about 1400 jobs across the country as part of a huge cost-cutting drive that could wipe out nearly five per cent of its entire workforce. Employees across all divisions - including in the telecommunication giant's vast field workforce of line technicians, maintenance and installation workers - are all feared to be in danger of losing their jobs.
Recently, The Australian Competition and Consumer Commission (ACCC) has finalized its decision on the regulation of high-speed internet services supplied by non-NBN (National Broadband Network) fixed line networks. The networks largely supply high-speed internet services in new housing estates and apartment buildings in central city locations. In many areas, they supply internet services where the NBN does not offer services and provide customers with a limited choice of retailers of internet services. The ACCC’s decision sets wholesale prices and other terms and conditions that are expected to provide customers with a larger number of retailers to choose from and deliver them better prices and services. Further, the ACCC has permitted the non-NBN networks to pass on the Government’s proposed Regional Broadband Scheme (RBS) charge on their customer lines to help fund NBN Co’s supply of non-commercial regional fixed wireless and satellite services. On the other hand, the recent ACCC’s draft decision on mobile roaming services was considered as a positive and is not expected to affect TLS retail mobile prices to a significant extent. We maintain a “Buy” recommendation on the stock at the current market price of $ 4.36
.png)
TLS Daily chart; (source: company reports)
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated pages are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.