Outperform market, page-69

Motley F00L 3.7.23 S. Bowen said

"So this morning, Telstra indeed announced that it would be partnering up with Starlink to deliver services to regional areas of Australia. Here’s some of whatthe Telstra media releasehad to say:

Telstra revealed that it continues to boast Australia’s largest 5G network, providing coverage to 81.2% of the population. It is aiming for 95% coverage by FY2025, as well as service coverage of an additional 100,000 square kilometres in regional Australia. No doubt the Starlink deal will help in this endeavour.

ASX brokers are already bullish on Telstra shares, so today’s news will probably do little harm to that optimism. Aswe coverd last month, ASX broker Morgans has recently rated the telco as a buy, with a share price target of $4.70. Goldman Sachs is also rating Telstra shares as a buy, with the same 12-month share price target of $4.70...
But only time will tell what kinds of benefits this Starlink deal will bring for the company. Let’s wait and see what its Starlink services look like when they roll out at the end of 2023".

https://www.**promotion blocked**.au/2023/07/03/telco-turns-to-the-stars-what-does-it-mean-for-telstra-shares/
(Paywall. Google " Bowen telco turns to the stars", to open link fully)