I don't think I am being dramatic - the equity and debt is supporting an asset base of technology that is being ripped apart nearly every year 5G, amazon is coming to take on retail etc. Gonna be a substantial write down of the asset base soon as revenues plummet -> equity falls again ->soon debt is over 80% of total assets, Telstra can't finance due to the risk etc. Might take a decade but that is what will happen.
Telstra Debt Load, page-6
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