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Telstra boosts dividend as mobile price hikes pay off
Telstra's mobile revenue rose 3.6%, boosting half-year profit to $1.21 billion as cost cuts trimmed 2,356 jobs and earnings per share increased 11%, the company said.
- On Thursday, Telstra reported a $1.1 billion net profit for the six months to December 31 and increased its on‑market buyback to $1.25 billion after completing $637 million of repurchases, according to the ASX.
- Telstra's mobile unit posted $2.6 billion earnings, with average revenue per user at $45.47 and 135,000 net mobile customer adds to 14.7 million, while underlying operating expenses fell $179 million and labour savings reached $118 million.
- Despite job cuts, fixed‑enterprise income fell five per cent to $1.6 billion and earnings down nine per cent to $87 million, with 2356 to 29,520 roles lost.
- Shares reacted, rising in early trading to a three-month high of $5.11, while full-year underlying earnings guidance tightened to $8.2–$8.4 billion and the company warned the proposed $7.2 billion licence renewal fee could flow to consumer bills.
- Against this backdrop, Telstra faces an escalating dispute with communications regulator ACMA over a $7.2 billion proposed spectrum charge, which management warned could reduce network investment or be passed on to customers, while mobile segment revenue rose to $5.7 billion.
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14 Articles
Coverage Details
Total News Sources14
Leaning Left3Leaning Right3Center2Last UpdatedBias Distribution38% Left, 37% Right
Bias Distribution
- 38% of the sources lean Left, 37% of the sources lean Right
38% Left
L 38%
C 25%
R 37%
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