5G won't replace fixed line as the bandwidth is shared amongst users. It's all well and good to get 1Gbps at 3 am but when 100 other people are using the service at 7 pm you're not gonna have a good time.
NBN has squashed margins for most ISPs, but it will still be a relevant piece of the puzzle.
Also, given Telstra's track record over the last decade, I wouldn't be so confident they won't balls up their 5G rollout. Plus maintaining a legacy 3G network will be a ball and chain dragging their margins down.
TPM Price at posting:
$5.77 Sentiment: Hold Disclosure: Held
