Actually TLS subscriber numbers have been consistently growing, now IOT connections consistently growing and have NO peer in that space.
If VHA spending is almost done I'd be selling soon if I were you as that leaves you competing squarely with TPM who will win the discount space by a country mile, it also means much less competition for TLS for the cream customers who will demand 5G.
Infraco is just a cherry on top of this as is Fox and NAS.
What to VHA have?
They will be the worst performing telco in the upcoming battle, no fibre = no hope
Where to now for long term investors of Telstra, page-4065
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