complications to its $11 billion NBN deal seems to be the reason here
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TELSTRA shares hit a record low yesterday as CFO John Stanhope flagged complications to its $11 billion NBN deal, and more job cuts.
Mr Stanhope told a business audience the in-principle deal may be broken into packages to ensure it was voted on by shareholders before Telstra's self-imposed June deadline.
http://www.theaustralian.com.au/business/telstra-shares-sink-to-new-low-on-nbn-complications-and-job-cuts/story-e6frg8zx-1225928051519
reason for sell off, page-17
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Last
$3.88 |
Change
0.000(0.00%) |
Mkt cap ! $44.83B | |||
| Open | High | Low | Value | Volume |
| $3.87 | $3.91 | $3.86 | $69.78M | 18.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 66211 | $3.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 400250 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| TLS (ASX) Chart |