Outperform market, page-80

Tls's infraco asset valuation relies on nbn profitability/business model .
The increase in nbn competition directly devalues infraco.
NBN is coming under pressure by these business/govt fibre networks tls,hyperone and MAQ are establishing.The nbn is not protected from these networks by the accc/acma.
NBN may try to compete in the business/govt sector but imo they have no chance so imo will lose that fibre business to above networks.
Tls should waste no time divesting 49% of infraco because imo only the value of infraco will drop as nbn competition grows.Not to mention infraco makes little if any profit even after $1b nbn lease .
ps MAQ imo has 5g covered,challenge aquisition for remote/rural optus for local.
All connectivity must be taken into account when talking about this high margin govt/business fibre.including the critical vocus starlink agreement.
Tls has the $1b mobile dod contract because of their coverage but clearly besides coverage the dod reqards tls contract delivery and contract pricing as poor regarding original contract over budget and 8 months late.
Sugar coat tls all u like but it requires new management asap..