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Telstra updates FY20 guidance in line with NBN Co's Corporate Plan 2020

Wednesday 4 September 2019 | 09:28 CET | News
Australian operator Telstra has updated its FY20 guidance, following the recent release of NBN Co's Corporate Plan 2020. Telstra's FY20 guidance provided to the market on 15 August this year was based on NBN Co's previous Corporate Plan 2019 and assumed the NBN rollout and migration in FY20 would be in accordance with the 2019 plan. Telstra has updated its FY20 cost reduction target from AUD 660 million to AUD 630 million. NBN Co's Corporate Plan 2020 provided updated information regarding their outlook for FY20, including a reduction in the total number of premises forecast to be connected

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Categories: Fixed
Companies: NBN Co / Net One / Telstra
Countries: Australia
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