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- Release Date: 19/04/12 12:42
- Summary: ADDRESS: TLS: Investor Update - media release and presentations
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TLS
19/04/2012 10:42
ADDRESS
REL: 1042 HRS Telstra Corporation Limited
ADDRESS: TLS: Investor Update - media release and presentations
Dear Sir or Madam
Investor Update - media release and presentations
In accordance with the Listing Rules, I attach a copy of the media statement
and the presentations to be delivered at Telstra's Investor Update, for
release to the market.
Yours faithfully
Damien Coleman
Company Secretary
Telstra announces its capital management strategy, expected excess
free cash of $2 to 3 billion over the next three years and its NBN plans
19 April 2012 - Telstra today announced its capital management strategy
including its priorities and underlying principles that will guide the
Board's decision making.
The company confirmed the priorities of its capital management strategy are
to maximise returns for shareholders, maintain financial strength and retain
financial flexibility.
The principles outlined by Telstra included a set of balance sheet settings
that will provide confidence and consistency to the debt and equity markets
following the finalisation of agreements for the National Broadband Network.
The company also announced that it expected to generate $2 to 3 billion in
excess free cash over the next three years, subject to the NBN roll out
schedule and market conditions.
In this context, the company discussed its NBN plans for retail and wholesale
and reinforced its focus on differentiated product offerings and customer
service.
"Telstra is focused on serving our customers through improved service,
offering new products, as well as leveraging our rich set of assets," Mr
Thodey said.
He also told the briefing that Telstra was making no change to guidance for
the 2012 financial year and reinforced its intention to pay a 28 cent per
share fully-franked dividend in 2012 and 2013. This is subject to the Board's
normal approval process for dividend declaration and there being no
unexpected material events.
Media contacts: Jason Laird - 0488 126 823; Nicole McKechnie - 0429 004 617
Media number: 094/2012
Note: All investor presentation materials will be available on
http://www.telstra.com.au/abouttelstra/
End CA:00222000 For:TLS Type:ADDRESS Time:2012-04-19 10:42:22
