×

Warning

JUser: :_load: Unable to load user with ID: 63
Tuesday, 15 November 2005 15:07

Telstra: no more share buyback

By
Telstra has announced that it will not continue with the third year of the $1.5 billion share buyback program, and will instead invest the money in its network to deliver long term shareholder value.

Telstra updated the market on the outlook for its earnings for the 2005-06 year saying that it expected an EBIT decline between 19 to 24 percent as a result of the implementing its new strategy requiring accelerated depreciation of network assets that will be decommissioned. This new estimate would increase the decline to between 25 and 30 percent if Telstra raised a provision for redundancy. The figure was issued with the caveat that "This assumes a reasonable regulatory outcome."

Telstra is also projecting that its cost structure will remain flat from the half year 05-06 level and that revenue will grow faster than expenses, reversing recent trends. It expects EBIT to grow at a 3 to 4 percent CAGR between now and 2010.


Subscribe to ITWIRE UPDATE Newsletter here

Active Vs. Passive DWDM Solutions

An active approach to your growing optical transport network & connectivity needs.

Building dark fibre network infrastructure using WDM technology used to be considered a complex challenge that only carriers have the means to implement.

This has led many enterprises to build passive networks, which are inferior in quality and ultimately limit their future growth.

Why are passive solutions considered inferior? And what makes active solutions great?

Read more about these two solutions, and how PacketLight fits into all this.

CLICK HERE!

WEBINAR INVITE 8th & 10th September: 5G Performing At The Edge

Don't miss the only 5G and edge performance-focused event in the industry!

Edge computing will play a critical part within digital transformation initiatives across every industry sector. It promises operational speed and efficiency, improved customer service, and reduced operational costs.

This coupled with the new capabilities 5G brings opens up huge opportunities for both network operators and enterprise organisations.

But these technologies will only reach their full potential with assured delivery and performance – with a trust model in place.

With this in mind, we are pleased to announce a two-part digital event, sponsored by Accedian, on the 8th & 10th of September titled 5G: Performing at the Edge.

REGISTER HERE!

BACK TO HOME PAGE

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News