Looks like some good news very soon thanks to some hard work by...

Looks like some good news very soon thanks to some hard work by TLS staff....Should see the good rise reason become clearer and continue IMHO:



Telstra rushes to seal NBN Co deal before half-year results
Lucy Battersby
February 8, 2011

http://www.smh.com.au/business/telstra-rushes-to-seal-nbn-co-deal-before-halfyear-results-20110207-1ak73.html

TELSTRA and NBN Co staff have been working long nights and weekends to finalise details of their multibillion-dollar deal before this week's half-year results announcement.

Telstra's chief executive, David Thodey, and his executive team met for one day late last month to discuss the deal, while NBN Co staff worked over the weekend, according to industry insiders. The feverish work is confirmation that Telstra is serious about turning the non-binding heads of agreement into a concrete deal, although a legally binding definitive agreement is unlikely to be ready for some weeks.

In the non-binding agreement Telstra receives $11 billion in today's money for transferring customers from its copper network to NBN Co's fibre network and letting NBN Co use its underground pipes and ducts for 20 to 30 years.

NBN Co would also assume several community obligations, such as triple-0 calls, which Telstra fulfils because of its history as the monopoly provider.

Mr Thodey is expected to give shareholders more information on Thursday, along with the company's first meaningful results since it announced it would spend $1 billion on internal restructuring and marketing. Analysts expect to see an increase in Telstra's customer numbers for the first time in several years, along with increased spending on customer service and offers.

Telstra has been losing customers in its fixed line, mobile and broadband products in recent years due to higher pricing and poor customer service. Analysts tip a decline in revenue growth, but none expect Telstra to cut its 28 annual dividend.

The Future Fund told the Australian Securities Exchange it had sold 128 million Telstra shares on market since January 10, reducing its stake in Telstra to 6.76 per cent. The fund holds 841 million shares, down from 2.1 billion in February 2007.



So, there is now an expectation of increased customers...which will signal a possible future revenue increase. That is what the market will be wanting to see. Should be an interseting couple of days...and weeks re div. We may see a raised interest after results based on this going after the div. New recent highs on the way possibly. I have a vested interest in this so DYOR as always.

Good luck all (and hope for some happy pre open market reading)