jeepers creepers- the special div. of 3.5 cents runs out in 2020, when the NBN subsidies are over.
that's the 3 billion Per Annum black hole that TLS has to fill, but they only get 1 billion from NBN from 2020 onwards, indexed linked, for their conduits and upkeep.
they have tried to cost cut drastically to offset this, but are a long way short.
i have close sources within , who inform me that Penn is desperate to avert this calamity by amassing a 'war chest'.
the trouble is, he has to develop 5G to compete with Optus, and that is sucking up all the war chest-18% capex and growing and mobile revenue is plummeting.
i wish i could offer TLS holders some sort of solace !
but i am a self-confessed masochist-so suck it up.
cheers crazypunter
TLS hasnt dropped nearly enough, page-11
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