Ann: Telstra2022, page-73

Looks like the market has fears of an ever diminishing dividend.Confirmed 22 cents fy18 but fy19 tba, and based on reduced ebitda could we actually see maybe 18 cents. Still a reasonable divvy at current share price but gone are the days where Telstra would guarantee a juicy dividend, as they are in a technology war and need to pump huge funds into 5g to lead the pack in Australia, but this is why they may be a bargain at current prices, as the mob just look at the divvy potentially reducing and some short term pain as they invest in networks, but cant see the potential revenues on the other side.

Christopher