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General

Telstra lowers revenue outlook

Friday 18 December 2009 | 10:47 CET | News
Australian operator Telstra cut its sales outlook for 2010, citing difficult markets at home and in Hong Kong. Following a difficult second half of its fiscal year 2009, the company said FY 2010 revenues would be "flattish" compared to the year earlier. Previously the company expected growth in the low single digits. The major drivers of the lower-than-expected growth are the strength of the Australian dollar, tough operating conditions in Hong Kong, strong domestic competition driven by ULL growth and very competitive mobile offers, and a growing number of mobile-only households. As a

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Categories: General
Companies: Telstra
Countries: Australia
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