TLS telstra group limited

SMH Z. Samios 16.2.23 said"Chief financial officer Michael...

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    SMH Z. Samios 16.2.23 said

    "Chief financial officer Michael Ackland said the company had also made the most of rival Optus’ recent cybersecurity woes, taking on “tens of thousands” of former Optus customers across its division following last year’s cyberattack...

    UBS telecommunications analyst Lucy Huang said the result was solid, with income and EBITDA all above consensus estimates.

    Moody’s Investors Service vice president Ian Chitterer said the results were credit positive. “We expect Telstra’s credit profile to remain strong and gross leverage to settle below 2x over the next 12 to 18 months despite the tough consumer and business environment,” Chitterer said.

    Telstra will pay a fully franked interim dividend of 8.5 cents and has reaffirmed its full-year guidance. Brady said the company was positioned for growth despite existing economic challenges, adding she had no plans to change a two-year $500 million cost-cutting ambition.

    “There’s no change to that ambition,” she said. “We know in this current environment, we’ve got to keep driving efficiency in our business and so accelerating that move off our legacy IT systems into our new digital environment is absolutely critical" ".



    Optus is bleeding large nos. ("tens of thousands") of clients to TLS, after its 10m+ furious former & current customers had their personal details hacked.
    As many more Optus clients' contracts expire in the future, how many more will defect to TLS?
    Last edited by Montalbano: 16/02/23
 
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