Telstra is in a yield sweet spot, page-94

I am still trying to understand what happened here; investors sore about the dividend cut dumped the stock, presumably to chase higher yield elsewhere, and took big capital losses. Now they are likely to find the yield attractive at current prices and will move back in, seems like a case of bringing forward losses and giving those not holding a chance to eat their future earnings. Did the EPS or growth rates change markedly?

I am not sold on the "NBN will dominate" arguments either, 5G wireless technology and multiple sims, ie devices, attached to individual consumer accounts will make needing a fixed infrastructure the domain of only high capacity users like business and government. Telstra still has the vastly wireless superior network and even hamfisting by the CEO won't change that.