Declared Dividend • Aug 15
Final dividend of AU$0.10 announced Shareholders will receive a dividend of AU$0.10. Ex-date: 26th August 2026 Payment date: 24th September 2026 Dividend yield will be 4.4%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio). However, it is covered by cash flows (64% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. EPS is expected to grow by 18% over the next 3 years, which should be enough to bring the dividend into a sustainable range. Duyuru • Aug 14
Telstra Group Limited Announces Final Dividend for the Six Months Ended June 30, 2026, Payable on September 24, 2026 The Board of Telstra Group Limited resolved to pay a final dividend of 10.5 cents per share for the six months ended June 30, 2026, bringing the total dividend for the year to 21 cents per share and representing a 10.5% increase on the prior year on a cash basis. The final dividend is 90.5% franked, with a franked amount of 9.5 cents per share and an unfranked amount of 1 cent per share. Payment Date is September 24, 2026. Record Date is August 27, 2026. Ex Date is August 26, 2026. Reported Earnings • Aug 13
Full year 2026 earnings released: EPS: AU$0.20 (vs AU$0.19 in FY 2025) Full year 2026 results: EPS: AU$0.20 (up from AU$0.19 in FY 2025). Revenue: AU$23.4b (up 1.2% from FY 2025). Net income: AU$2.24b (up 3.2% from FY 2025). Profit margin: 9.6% (in line with FY 2025). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Bridget Loudon was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Bridget Loudon was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Mar 20
Telstra Group Limited Announces Board and Board Committee Changes, Effective March 20, 2026 Telstra Group Limited announced Holly Kramer has been appointed as a non-Executive Director to the Telstra Board, and will also chair Telstra’s People and Remuneration Committee. Holly is widely respected and exceptionally well-credentialled, bringing a broad range of executive and non-executive leadership experience across retail, banking, media, academia and the public sector. Holly also brings understanding of the telecommunications market through her ten years in executive roles with Telstra up to 2009. Ms. Kramer sits on the boards of ANZ and Fonterra, is President of the Commonwealth Remuneration Tribunal and Chair of the McKinnon Foundation. She has a BA (Hons) in Political Science from Yale and an MBA from Georgetown. Ms. Kramer's appointment to the Board will be effective March 20, 2026 and she will stand for election at the Telstra Annual General Meeting in October. The company also announced current Director and Chair of the People and Remuneration Committee, Elana Rubin AM, had announced her retirement from the Board, effective March 20, 2026. Elana has served 6 years as a director since being appointed to the Board in February 2020 and has been Chair of the People and Remuneration Committee since February 2022. As Chair of the People and Remuneration Committee, Elana played a key role in revamping its approach to executive remuneration, and supporting enhancements to its culture, talent and safe working environment for its people. Duyuru • Feb 20
Telstra Group Limited Announces Dividend for the Six Months Period Ended December 31, 2025, Payable on March 27, 2026 Telstra Group Limited announced dividend of AUD 0.10500000 per share for the six months period ended December 31, 2025, payable on March 27, 2026. Record date is on February 26, 2026 with Ex date is on February 25, 2026. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Bridget Loudon was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Aug 26
Telstra Group Limited, Annual General Meeting, Oct 14, 2025 Telstra Group Limited, Annual General Meeting, Oct 14, 2025. Location: melbourne convention and exhibition, level 1, 1 convention centre place, south wharf, melbourne, victoria, 3006 Australia Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Bridget Loudon was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 04
DAZN Group Limited completed the acquisition of Foxtel Management Pty Limited from Telstra Group Limited (ASX:TLS) and News Corporation (NasdaqGS:NWSA). DAZN Group Limited entered into a definitive agreement to acquire Foxtel Management Pty Limited from Telstra Group Limited (ASX:TLS) and News Corporation (NasdaqGS:NWSA) for an enterprise value of AUD 3.4 billion on December 22, 2024. Under the terms of the agreement, shareholder loans in the amount of AUD 578 million outstanding and owing to News Corp will be repaid in full in cash at closing. Foxtel’s current debt will be refinanced at closing and transfer with Foxtel, and News Corp will hold a minority equity interest in DAZN of approximately 6% as well as one seat on its Board of Directors. Telstra Group Ltd will also sell its minority interest in Foxtel, have its shareholder loans of AUD 128 million repaid, and take a minority stake in DAZN of approximately 3%. The proposed transaction values Foxtel at an enterprise value of AUD 3.4 billion, representing more than 7x fiscal 2024 Foxtel EBITDA. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the second half of fiscal 2025.
The Goldman Sachs Group, Inc. acted as financial advisor, Gibson, Dunn & Crutcher LLP and Allens acted as legal advisors for News Corporation. BofA acted as the financial advisor to DAZN. Latham & Watkins (London) LLP acted as legal advisor to DAZN Group Limited.
DAZN Group Limited completed the acquisition of Foxtel Management Pty Limited from Telstra Group Limited (ASX:TLS) and News Corporation (NasdaqGS:NWSA) on April 2, 2025. Foreign Investment Review Board, the Australian Competition and Consumer Commission and other regulatory authorities approvals obtained. Foxtel, Kayo Sports, BINGE, and Hubbl will retain their brand identities, continuing to produce the world-class programming, sports coverage and entertainment that Australians know and love. At completion, AUD 592 million in shareholder loans were repaid to News Corp, and News Corp received a minority equity interest in DAZN of approximately 6%. News Corp’s Senior Vice President and Deputy Chief Financial OfficerAndrew Cramer also joined the board of DAZN effective upon completion, and News Corp and its platforms remain committed in their passionate support for Australian sport and entertainment. Timothy McIver of Debevoise & Plimpton LLP acted legal advisor to DAZN Group ltd. Duyuru • Feb 20
Telstra Group Limited (ASX:TLS) announces an Equity Buyback for AUD 750 million worth of its shares. Telstra Group Limited (ASX:TLS) announces a share repurchase program. Under the program, the company will repurchase up to AUD 750 million worth of its common stock. The purpose of the program is efficient capital management. The repurchase program will be valid till December 31, 2025. As of February 20, 2025, the company had 11,554,427,353 shares issued and outstanding. Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Bridget Loudon was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Dec 24
DAZN Group Limited entered into a definitive agreement to acquire Foxtel Management Pty Limited from Telstra Group Limited (ASX:TLS) and News Corporation (NasdaqGS:NWSA) for an enterprise value of AUD 3.4 billion. DAZN Group Limited entered into a definitive agreement to acquire Foxtel Management Pty Limited from Telstra Group Limited (ASX:TLS) and News Corporation (NasdaqGS:NWSA) for an enterprise value of AUD 3.4 billion on December 22, 2024. Under the terms of the agreement, shareholder loans in the amount of AUD 578 million outstanding and owing to News Corp will be repaid in full in cash at closing. Foxtel’s current debt will be refinanced at closing and transfer with Foxtel, and News Corp will hold a minority equity interest in DAZN of approximately 6% as well as one seat on its Board of Directors. Telstra Group Ltd will also sell its minority interest in Foxtel, have its shareholder loans of AUD 128 million repaid, and take a minority stake in DAZN of approximately 3%. The proposed transaction values Foxtel at an enterprise value of A$3.4 billion, representing more than 7x fiscal 2024 Foxtel EBITDA. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the second half of fiscal 2025.
The Goldman Sachs Group, Inc. acted as financial advisor, Gibson, Dunn & Crutcher LLP and Allens acted as legal advisors for News Corporation. BofA acted as the financial advisor to DAZN. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Bridget Loudon was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Oct 18
Telstra Group Limited Announces the Cessation of Niek Jan Van Damme as Director Telstra Group Limited announced the cessation of Niek Jan van Damme as director. Date that director ceased to be director on 15 October 2024. Duyuru • Oct 15
Telstra Group Limited Appoints David Lumont as Non-Executive Director, Effective 3 December 2024 On October 15, 2024, Chair Craig Dunn announced the appointment of David Lamont as a non-Executive Director to the Telstra Board. Mr. Lamont, who will remain in his current role of Senior Executive Officer with BHP until February 2025. Mr. Lamont holds a Bachelor of Commerce degree from Deakin University, and is a member of the Institute of Chartered Accountants (Australia) and a Director of Financial Executives Institute of Australia. Mr. Lamont's appointment to the Board is effective 3 December 2024. He will stand for election at the Telstra Annual General Meeting in October next year. Duyuru • Sep 19
Equipsuper Superannuation Fund signed a non-binding Memorandum of Understanding to acquire Telstra Super Pty Ltd. from Telstra Group Limited (ASX:TLS) in a merger of equals transaction. Equipsuper Superannuation Fund signed a non-binding Memorandum of Understanding to acquire Telstra Super Pty Ltd. from Telstra Group Limited (ASX:TLS) in a merger of equals transaction on September 17, 2024. The transaction is subject to consummation of due diligence investigation. It is expected that the merger would be executed via a Successor Fund Transfer in late 2025. Declared Dividend • Aug 17
Final dividend increased to AU$0.09 Dividend of AU$0.09 is 5.9% higher than last year. Ex-date: 28th August 2024 Payment date: 26th September 2024 Dividend yield will be 4.6%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (128% earnings payout ratio) nor is it covered by cash flows (105% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 42% to bring the payout ratio under control. EPS is expected to grow by 37% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Aug 16
Full year 2024 earnings released: EPS: AU$0.14 (vs AU$0.17 in FY 2023) Full year 2024 results: EPS: AU$0.14 (down from AU$0.17 in FY 2023). Revenue: AU$22.9b (up 1.0% from FY 2023). Net income: AU$1.62b (down 16% from FY 2023). Profit margin: 7.1% (down from 8.5% in FY 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Duyuru • Aug 15
Telstra Corporation Limited Announces Fully Franked Final Dividend, Payable on 26 September 2024 The Board of Telstra Group Limited resolved to pay a fully franked final dividend of 9 cents per share, bringing total dividends for the year to 18 cents and representing a 5.9% increase compared to last year. This outcome is consistent with policy to maximise the fully franked dividend and seek to grow it over time. Record date is 29 August 2024. Payment date 26 September 2024. Duyuru • Jul 04
Telstra Group Appoints Craig Emery as New Group Company Secretary, Effective 15 October 2024 Telstra's board has announced it will appoint Craig Emery to the role of group company secretary to Telstra Group. The appointment will take effect immediately after the Annual General Meeting on 15 October 2024. Emery, currently Telstra legal executive and chief compliance officer, has worked with Telstra since 2006 and has held various senior legal roles since 2011. He will undertake the company secretary role in addition to his legal executive role. Upcoming Dividend • Feb 21
Upcoming dividend of AU$0.09 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 28 March 2024. Payout ratio and cash payout ratio are on the higher end at 99% and 77% respectively. Trailing yield: 4.6%. Lower than top quartile of Australian dividend payers (6.6%). In line with average of industry peers (4.9%). Declared Dividend • Feb 17
First half dividend increased to AU$0.09 Dividend of AU$0.09 is 5.9% higher than last year. Ex-date: 28th February 2024 Payment date: 28th March 2024 Dividend yield will be 4.5%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio). However, it is covered by cash flows (69% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 10% to bring the payout ratio under control. EPS is expected to grow by 18% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 16
First half 2024 earnings released: EPS: AU$0.084 (vs AU$0.075 in 1H 2023) First half 2024 results: EPS: AU$0.084 (up from AU$0.075 in 1H 2023). Revenue: AU$11.4b (up 1.1% from 1H 2023). Net income: AU$964.0m (up 11% from 1H 2023). Profit margin: 8.4% (up from 7.7% in 1H 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. Duyuru • Feb 06
Telstra Announces Management Changes Telstra announced its Group Executive of Telstra Enterprise, David Burns, would be leaving the company at the end of February. Oliver Camplin-Warner, the Head of Telstra Purple, will be promoted to lead the Enterprise business from 1 March 2024. Duyuru • Nov 14
Telstra Reaffirms Earnings Guidance for the Fiscal Year 2024 Telstra reaffirmed earnings guidance for the fiscal year 2024. For the year, the company expects total income to be in the range of $22.8 billion to $24.8 billion. Duyuru • Oct 20
Telstra Group Limited Announces Cessation of John Mullen as Director Telstra Group Limited announced cessation of John Mullen as director. Date that director ceased to be director: 17 October 2023. Duyuru • Oct 12
Telstra Group Limited (ASX:TLS) agreed to acquire Versent Pty Ltd from Washington H. Soul Pattinson and Company Limited, founders, employees and investors for approximately AUD 260 million. Telstra Group Limited (ASX:TLS) agreed to acquire Versent Pty Ltd from Washington H. Soul Pattinson and Company Limited, founders, employees and investors for approximately AUD 260 million on October 11, 2023. Versent Pty Ltd reported revenue of AUD 130 million in FY23. Transaction is subject to various conditions being met, including certain securityholder processes. Completion is expected to occur within the next six weeks . Buying Opportunity • Sep 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be AU$4.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings is also forecast to grow by 6.1% per annum over the same time period. Duyuru • Aug 28
Telstra Group Limited Announces Board Changes Telstra Group Limited Chairman John Mullen announced his intention to retire from the Telstra Board at the conclusion of this year’s Annual General Meeting, to be held on 17 October 2023. Mr. Mullen will be succeeded as chairman by current director Craig Dunn. Craig Dunn first joined the Telstra Board in April 2016 and was re-elected at last year’s AGM. He is currently chairman of the Audit & Risk Committee and a member of the Nomination Committee. Craig has more than 20 years’ experience in financial services in Australia and Asia, including being Chief Executive Officer and Managing Director of AMP from 2008 to 2013. He held various roles at AMP in a 13- year career including Managing Director of AMP Financial Services, Managing Director for AMP Bank and head of Corporate Strategy and M&A. From 1991 to 2000 he was at Colonial Mutual Group, including Managing Director for EON CMB Life Insurance in Malaysia and other senior roles in Group Strategy, M&A and Finance. Craig was a non-executive director at Westpac from 2015 to 2021, and is currently on the boards of MLC Life Insurance (from March 2023), Lion Pty Limited and Lion Global Craft Beverages Pty Limited (from 2021). He is also the chair of the ISO Blockchain Standards Committee (from 2017) and chair of The Australian Ballet (joined 2014, chair from 2015). Upcoming Dividend • Aug 23
Upcoming dividend of AU$0.085 per share at 4.2% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 28 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.2%. Lower than top quartile of Australian dividend payers (7.3%). Lower than average of industry peers (5.1%). Duyuru • Aug 18
Telstra Corporation Limited Announces Ordinary Fully-Franked Final Dividend for the Year 2023, Payable on 28 September 2023 Telstra Group Limited announced that, on 17 August 2023, the Directors resolved to pay a fully franked final dividend for the financial year 2023 of 8.5 cents per share ($982 million). The record date for the final dividend will be 31 August 2023, with payment to be made on 28 September 2023. Shares will trade excluding entitlement to the final dividend on 30 August 2023. Buying Opportunity • Aug 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.9%. The fair value is estimated to be AU$5.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings is also forecast to grow by 6.1% per annum over the same time period. Duyuru • Aug 18
Telstra Group Limited Provides Earnings Guidance for the Year 2024 Telstra Group Limited provided earnings guidance for the year 2024. For the period, the company expects total income of $22.8 to $24.8 billion. Reported Earnings • Aug 17
Full year 2023 earnings released: EPS: AU$0.17 (vs AU$0.14 in FY 2022) Full year 2023 results: EPS: AU$0.17 (up from AU$0.14 in FY 2022). Revenue: AU$23.2b (up 9.2% from FY 2022). Net income: AU$1.93b (up 14% from FY 2022). Profit margin: 8.3% (up from 7.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 16
Non-Executive Director recently bought AU$105k worth of stock On the 13th of March, Ming Long bought around 26k shares on-market at roughly AU$4.11 per share. This transaction amounted to 98% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$144k more in shares than they have sold in the last 12 months. Upcoming Dividend • Feb 22
Upcoming dividend of AU$0.085 per share at 4.1% yield Eligible shareholders must have bought the stock before 01 March 2023. Payment date: 31 March 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.1%. Lower than top quartile of Australian dividend payers (6.8%). Lower than average of industry peers (4.8%). Reported Earnings • Feb 17
First half 2023 earnings released: EPS: AU$0.075 (vs AU$0.059 in 1H 2022) First half 2023 results: EPS: AU$0.075 (up from AU$0.059 in 1H 2022). Net income: AU$865.0m (up 24% from 1H 2022). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Duyuru • Feb 16
Telstra Group Limited Appoints Maxine Brenner as Non-Executive Director Telstra Board Chairman announced the appointment of Maxine Brenner as a non-executive Director of the Telstra Board. Ms Brenner is an experienced ASX top-20 director with 14 years of board experience in some of the country's most high-profile companies. Her current Board roles include Woolworths, Qantas and Origin Energy. She is a former Managing Director of Investment Banking at Investec Bank (Australia) Limited. She also practised as a corporate lawyer with Freehill Hollingdale & Page (now Herbert Smith Freehills) and spent several years as a lecturer in the Faculty of Law at both the University of NSW and the University of Sydney. Ms Brenner will join the Board effective 17 February. She will stand for election at the Telstra Annual General Meeting in October this year. Upcoming Dividend • Aug 17
Upcoming dividend of AU$0.085 per share Eligible shareholders must have bought the stock before 24 August 2022. Payment date: 22 September 2022. Payout ratio is on the higher end at 94%, however this is supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Australian dividend payers (6.4%). In line with average of industry peers (4.7%). Reported Earnings • Aug 12
Full year 2022 earnings released: EPS: AU$0.14 (vs AU$0.16 in FY 2021) Full year 2022 results: EPS: AU$0.14 (down from AU$0.16 in FY 2021). Revenue: AU$22.0b (up 2.3% from FY 2021). Net income: AU$1.69b (down 9.1% from FY 2021). Profit margin: 7.7% (down from 8.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.5%, compared to a 8.1% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Duyuru • May 10
Telstra Names Noah Drake as President for the Americas Telstra has named Noah Drake as President for the Americas, responsible for leading the company’s future direction within the region. Drake will oversee all sales and business operations, playing a key role in further expanding Telstra’s portfolio of technology solutions and continuing to accelerate strategic partnerships. Most recently, he led Telstra’s Customer Solutions and Architecture group, directing a specialized team of professionals working with customers to harness the full capabilities of Telstra’s products and services. Prior to joining Telstra, Drake was Vice President of Product Management at Boulder (CO)-based Zayo Group. Prior to this role, he served as Senior Director of Global Reach where he was tasked with launching the company’s new market expansion team. Duyuru • Mar 30
Telstra Corporation Limited Announces CEO Resignation and Succession Telstra Corporation Limited announced that 30 Vicki Brady will be the new Chief Executive Officer of Telstra replacing Andrew Penn who has announced his intention to retire after serving more than seven years in the role. Vicki who is currently Telstra's Chief Financial Officer will officially take over as CEO on 1 September 2022 and will work with Andy over the coming months to ensure a smooth transition. Vicki joined Telstra in 2016 and has held the role of Group Executive, Consumer and Small Business in addition to her current role of CFO and Group Executive responsible for Strategy, which she was appointed to on 1 July 2019. Duyuru • Mar 04
Telstra Reportedly in Talks to Buy Fetch Stake Telstra Corporation Limited (ASX:TLS) is finalising plans to acquire a majority stake in subscription video service Fetch TV Pty Limited as part of a radical shift in the telco giant's media strategy. Industry sources who spoke on the condition of anonymity because the deal talks were confidential said Telstra was in advanced talks with Fetch, a long-time media partner of Optus, its main rival in the mobile and fixed-line telecoms markets. The deal comes ahead of the impending expiry of Telstra's existing set-top box partnership with US provider Roku, which has provided the equipment for the Telstra TV product since 2015. It also comes ahead of a potential float of Foxtel, a joint venture between News Corp. and Telstra which could result in the telco further reducing its stake in the pay TV business. Telstra and Fetch Chief Executive Officer Scott Lorson both declined to comment. Upcoming Dividend • Feb 23
Upcoming dividend of AU$0.08 per share Eligible shareholders must have bought the stock before 02 March 2022. Payment date: 01 April 2022. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Australian dividend payers (5.5%). In line with average of industry peers (4.6%). Reported Earnings • Feb 19
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: AU$0.059 (down from AU$0.092 in 1H 2021). Revenue: AU$10.5b (down 4.4% from 1H 2021). Net income: AU$698.0m (down 36% from 1H 2021). Profit margin: 6.6% (down from 10.0% in 1H 2021). Revenue missed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 5.9%, compared to a 10.0% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Buying Opportunity • Feb 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 3.5%. The fair value is estimated to be AU$5.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.5% per annum over the last 3 years. Earnings per share has declined by 19% per annum over the last 3 years. Recent Insider Transactions • Nov 03
Independent Chairman of the Board recently bought AU$98k worth of stock On the 28th of October, John Mullen bought around 25k shares on-market at roughly AU$3.92 per share. This was the largest purchase by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Duyuru • Sep 03
Australian Government Future Fund, Sunsuper Pty Ltd and Commonwealth Superannuation Corporation completed the acquisition of 49% stake in InfraCo Towers from Telstra Corporation Limited (ASX:TLS). Australian Government Future Fund, Sunsuper Pty Ltd and Commonwealth Superannuation Corporation entered into an agreement to acquire 49% stake in InfraCo Towers from Telstra Corporation Limited (ASX:TLS) for AUD 2.8 billion on June 30, 2021. The consortium of investors will be managed by Morrison & Co. InfraCo Towers will operate under a Board, chaired by InfraCo CEO, Brendon Riley and comprising other Telstra and consortium representatives. The Chief Executive Officer will be Jon Lipton, currently head of the towers business within Telstra. Telstra Corporation Limited would retain the remaining 51% stake. Telstra intends to return approximately 50 per cent of net proceeds to shareholders in FY22. The transaction is expected to complete in third quarter of 2021. Macquarie Australia Capital Limited acted as financial advisor to Telstra Corporation Limited.
Australian Government Future Fund, Sunsuper Pty Ltd and Commonwealth Superannuation Corporation completed the acquisition of 49% stake in InfraCo Towers from Telstra Corporation Limited (ASX:TLS) on September 2, 2021. InfraCo Towers wiill be renamed as Amplitel Pty Ltd from today. Telstra announced it intends to return approximately 50 per cent, or up to AUD1.35 billion, of net proceeds from the transaction to shareholders during FY22 via an on-market share buy-back. The remainder of the net proceeds will be used for debt reduction to ensure Telstra maintains balance sheet strength and flexibility. Upcoming Dividend • Aug 18
Upcoming dividend of AU$0.08 per share Eligible shareholders must have bought the stock before 25 August 2021. Payment date: 23 September 2021. Trailing yield: 4.1%. Lower than top quartile of Australian dividend payers (5.0%). Higher than average of industry peers (3.7%). Reported Earnings • Aug 13
Full year 2021 earnings released: EPS AU$0.16 (vs AU$0.15 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: AU$23.1b (down 2.4% from FY 2020). Net income: AU$1.86b (up 2.1% from FY 2020). Profit margin: 8.0% (up from 7.7% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Duyuru • Aug 12
Telstra Corporation Limited (ASX:TLS) announces an Equity Buyback for AUD 1,350 million worth of its shares. Telstra Corporation Limited (ASX:TLS) announces a share repurchase program. Under the program, the company will repurchase up to AUD 1,350 million worth of its common stock.. The repurchases would comprise an off-market share buy-back and a AUD 250 million on-market share buy-back. The repurchase program will be valid till June 6, 2022. Duyuru • Aug 09
Telstra Reportedly Set to Scoop Up MedicalDirector Telstra Corporation Limited (ASX:TLS) is set to scoop up MedicalDirector after reaching a deal with Affinity Equity Partners. The acquisition will see MedicalDirector join Telstra's growing health business at a time of booming demand for services. The transaction was agreed to over the weekend, according to sources, and comes after a lengthy sales process. MedicalDirector was on and off the market through advisory firm Jefferies Australia from 2019. While the sale was paused through the worst of the Covid crisis, it began ramping up again around April, 2021, as revealed at the time by The Australian's DataRoom column. Booming demand for Telstra Health's business is believed to have prompted it to pursue the MedicalDirector acquisition. Duyuru • Jul 20
Telstra Confirms Discussion Regarding Potential Transaction to Acquire Digicel Pacific In response to a story in The Age/Sydney Morning Herald (17 July 2021) Telstra Corporation Limited (ASX:TLS) has confirmed it has been in discussions regarding a potential transaction to acquire telecommunications company, Digicel Pacific Ltd. in the South Pacific region in partnership with the Australian Government. The discussions are incomplete and there is no certainty that a transaction will proceed. Telstra was initially approached by the Australian Government to provide technical advice in relation to Digicel Pacific which is a commercially attractive asset and critical to telecommunications in the region. If Telstra were to proceed with a transaction it would be with financial and strategic risk management support from the Government. Duyuru • Jul 01
Australian Government Future Fund, Sunsuper Pty Ltd and Commonwealth Superannuation Corporation entered into an agreement to acquire 49% stake in InfraCo Towers from Telstra Corporation Limited (ASX:TLS) for AUD 2.8 billion. Australian Government Future Fund, Sunsuper Pty Ltd and Commonwealth Superannuation Corporation entered into an agreement to acquire 49% stake in InfraCo Towers from Telstra Corporation Limited (ASX:TLS) for AUD 2.8 billion on June 30, 2021. The consortium of investors will be managed by Morrison & Co. Telstra Corporation Limited would retain the remaining 51% stake. The transaction is expected to complete in third quarter of 2021. Macquarie Australia Capital Limited acted as financial advisor to Telstra Corporation Limited. Duyuru • Jun 15
Telstra Reportedly in Front of Queue to Buy Medical Director Telstra Corporation Limited (ASX:TLS) is believed to be firming as the favourite to win the contest to buy Affinity Equity Partners' Medical Director business, according to sources. It comes as the third sales process for Everlight Radiology also ramps up after Pacific Equity Partners walked away from a deal to buy the business. Medical Director has been on and off the market through advisory firm Jefferies Australia since 2019, but the understanding has been that the sales process started ramping up again around April, as revealed at the time by DataRoom. Telstra has been keen to bulk up its e-health business due to the booming demand for services. This column revealed Telstra's interest in November last year. Sources say at least one other group out of Europe or Britain has been looking at the business, which is understood to generate about $30 million in annual earnings before interest, tax, depreciation and amortisation and may sell for 15 to 20 times its earnings, adjusting for Covid-19 impacts. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue misses expectations Revenue missed analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 2.4%, compared to a 25% growth forecast for the Telecom industry in Australia. Is New 90 Day High Low • Feb 12
New 90-day high: AU$3.26 The company is up 4.0% from its price of AU$3.13 on 13 November 2020. The Australian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Telecom industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$4.50 per share. Reported Earnings • Feb 12
First half 2021 earnings released: EPS AU$0.092 (vs AU$0.096 in 1H 2020) The company reported a poor first half result with weaker earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: AU$11.0b (down 9.7% from 1H 2020). Net income: AU$1.10b (down 3.6% from 1H 2020). Profit margin: 10.0% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Duyuru • Feb 11
Telstra Corporation Limited Revises Earnings Guidance for 2021 Telstra Corporation Limited revised earnings guidance for several aspects of FY21 that were first announced at Telstra's FY20 results briefing on 13 August 2020. The range for Total Income was adjusted from $23.2 billion - $25.1 billion to $22.6 billion - $23.2 billion, a $1.2 billion reduction at the mid-point from prior guidance. The large majority of the change was due to low-margin hardware and other equipment sales. Duyuru • Jan 26
Affinity Equity Reportedly Looks to Sell Medical Director Affinity Equity Partners is on the cusp of ramping up its sales campaign for its Medical Director healthcare business, sources say. Jefferies (Australia) Pty Ltd. is working as an adviser to the medical software provider. A sale of the business has been expected for at least a year, but plans were temporarily stalled by the pandemic. Telstra Corporation Limited (ASX:TLS) will be one of the parties set to watch in an upcoming auction. Booming demand for the services provided by Telstra’s health business is believed to have prompted the telecommunications provider to consider more acquisitions for the business unit, and Telstra has looked at the business before. Float plans for a series of companies are getting under this week, with Quadrant Private Equity holding investor meetings for a listing of its $1.5 billion plus Peter Warren Automotive business and plans proceeding for a listing of its online retail and auction company Grays Australia. Duyuru • Jan 20
Cologix Partners with Telstra Cologix announced it has expanded its global reach by partnering with Telstra, with a new point-of-presence (PoP) at Cologix's TOR1 interconnection hub in Toronto, Canada. As Telstra's first PoP in Canada, Cologix and Telstra customers now have access to low latency connectivity between Canada and Asia Pacific. Cologix's TOR1 data center is located in the most connected building in Toronto with 150+ unique network partner in the onsite Meet-Me-Room (MMR) with more than 200 local customers. Cologix Toronto customers have direct connectivity to Amazon Web Services®, Google Cloud Platform, Microsoft® Azure ExpressRoute, IBM Cloud and Oracle FastConnect. Other TOR1 key features includes: Home to the Toronto Internet Exchange (TorIX). Relentless, scalable, reliable infrastructure with 2N uninterruptible power systems (UPSs), backup generators and redundant chillers with an energy-efficient cooling system using Lake Ontario water to cool the building. Central downtown location in Canada's largest city, Toronto is the country's business and financial hub. Top certifications and security SOC 1, SOC 2, HIPAA, and PCI-DSS compliant. Low environmental risks in seismic zone 0 and outside of the floodplain. On the Cologix platform, businesses can deploy IT infrastructures, interconnect across North America and grow through a robust ecosystem. With 27 distinct North American cloud onramps, this platform offers high-bandwidth, low latency connectivity for clouds, networks and enterprises to manage workloads and reach remote employees, customers, partners and service providers at the digital edge. For simple, scalable, secure connectivity in minutes, Cologix offers a next generation software-defined interconnection (SDI) solution. Called Cologix Access Marketplace, this solution allows customers to scale cloud and network services across the platform, using an on demand, self-service portal. Duyuru • Dec 25
Telstra and Motorola Solutions to Deliver Advanced Public Safety Communication Network for Tasmania Telstra and Motorola Solutions will provide Tasmania’s emergency responders and government organizations with a highly advanced, state-wide mission critical communications network to effectively respond to emergencies. The contract to design, build, operate and maintain Tasmania’s Government Radio Network (TasGRN) will provide enhanced digital communication and vastly improved radio network coverage for Tasmania’s public safety and essential services personnel throughout the state. The innovative network will be built on a technology platform to provide a variety of additional capabilities for the future. These include broadband push-to-talk services enabling seamless communication between radios, smartphones and other devices as well as enhanced integration between existing communication centres’ operating systems and Motorola Solutions’ consoles. In delivering the contract, Telstra will draw on its extensive experience in delivering wireless communications services and managing radio systems for public safety agencies. Duyuru • Dec 01
Telstra Corporation Limited (ASX:TLS) acquired Epicon IT Solutions Pty Ltd. Telstra Corporation Limited (ASX:TLS) acquired Epicon IT Solutions Pty Ltd on November 30, 2020.
Telstra Corporation Limited (ASX:TLS) completed the acquisition of Epicon IT Solutions Pty Ltd on November 30, 2020. Duyuru • Nov 18
Telstra Corporation Limited Launches the Telstra Octagon Platform to Speed Up Trading Across Eight Global Exchanges Telstra Corporation Limited announced the launch of the Telstra Octagon, a global financial trading solution that provides organizations with low latency connectivity directly into eight of the world’s most valuable futures and commodities marketplaces. Designed for multi assets, equities, fixed income, commodities, money markets, forex, futures, and derivatives trading, the Telstra Octagon platform gives organizations the ability to trade faster across key exchanges. Using the Telstra Octagon, organizations can leverage direct connections to access trading floors in the U.S. and Asia-Pacific region, including the CME and ICE exchanges in the U.S. as well Australia, Hong Kong, Singapore, Taiwan, South Korea and Japan. The connectivity can help companies speed price discovery, risk analysis, smart order routing, flow and matching, trade execution and settlement. 
