TELSTRA

Citi lowered its price target for Telstra from A$5.50 to A$5.25 and maintained a "neutral" rating. The broker reduced EBITDA forecasts for FY27 by up to 1% and core earnings estimates by up to 2%, but still expects Telstra can meet its FY27 and FY30 targets. Telstra had announced a A$1bn share buyback and reported a slight increase in annual earnings. » Mere på de.investing.com

For FY2026 Telstra reported a 12% rise in cash profit to A$2.9bn, adjusted EBITDAaL up about 4% and net profit after tax of A$2.4bn (+2.7%). The share came under pressure because postpaid subscribers fell, EBITDA in the fixed-line enterprise and wholesale businesses dropped sharply, and restructuring provisions more than doubled. The FY2027 outlook, with ongoing capex of A$3.35–3.65bn and investments in 5G Advanced and AI, raises concerns about free cash flow despite a planned A$1bn share buyback. » Mere på de.investing.com

The Australian Competition and Consumer Commission has launched an around-12-month review of regional mobile access. Macquarie warns that regulated access could erode Telstra’s regional network advantage and thus weaken its brand strength and competitive position. Telstra is likely to act as the main access provider but is expected to argue against regulation, saying it could reduce investment incentives. » Mere på de.investing.com

Returning from annual leave, Telstra CEO Vicki Brady was questioned over a nationwide outage that disrupted train services, payment systems and emergency triple-zero calls. Brady said the failure was caused by a software glitch, denied it resulted from recent job restructuring and committed to a thorough investigation. Authorities are probing impacts including at least one claimed outage-related death while Telstra reviews the technical and operational causes. » Mere på theguardian.com

A nationwide mobile outage at Australia’s largest provider, Telstra, caused emergency calls to fail, payment terminals to stop working, trains to be stranded and disruptions at airports and traffic lights. Telstra said the cause was an error in a time-synchronization system and ruled out a cyberattack. Within about five hours Telstra reported progress, with roughly 90 percent of calls restored. Politicians are demanding an explanation for the severe consequences of the outage. » Mere på heise.de