Nov 27 (Reuters) - Telstra Corporation Ltd (TLS) : IN FY20,...

Nov 27 (Reuters) - Telstra Corporation Ltd (TLS) :

• IN FY20, EXPECT TOTAL OPERATING EXPENSES, EXCLUDING RESTRUCTURING COSTS & IMPAIRMENTS, TO DECLINE
• EXPECT ADDITIONAL RESTRUCTURING COSTS OF AROUND $300 MILLION ASSOCIATED WITH T22 IN FY20
• EXPECTATION IS THAT ARPU WILL CONTINUE TO DECLINE IN FY20
• EXPECT MOBILE GROSS MARGIN TO RETURN TO GROWTH WITHIN NEXT TWELVE MONTHS
• POSTPAID HANDHELD ARPU IS EXPECTED TO DECLINE IN 1H20 BY A GREATER RATE THAN 2H19, WITH DECLINE MODERATING IN 2H20
• RECONFIRMING FY20 GUIDANCE
• TARGET IS TO REDUCE UNDERLYING FIXED COSTS BY A CUMULATIVE $2.5 BILLION BY FY22, RELATIVE TO FY16
• EXPECT SECOND HALF PERFORMANCE VERSUS PCP TO BE STRONGER THAN FIRST HALF