Where to now for long term investors of Telstra, page-12292

1.marketindex.com S. Allan 25.1.23 said

"KEY POINTS

• Macquarie predicts Telstra will see higher than expected subscriber growth post the Optus data breach.
• It is also expected to benefit from returning roaming revenues and the monetisation of FibreCo.
• Macquarie upgraded Telstra from Neutral to Outperform.

Telstra (ASX: TLS) is rapidly overturning its long-held reputation as a poorly performing dividend play, with Macquarie the latest broker to take a positive view on its growth prospects. Macquarie upgraded Telstra from NEUTRAL to Outperform in its report on Wednesday.

Optus’ loss is Telstra’s gain

Telstra is expected to have seen substantial growth in subscribers following October’s Optus hack. Questions remain over where the bulk of subscribers will be found - post-paid, pre-paid or wholesale customers...

Positive returns outlook

Macquarie anticipates Telstra will continue to benefit from the return of roaming revenue and prices increases implemented in 2022.

Roaming revenue represents global travellers utilising local networks for roaming - that is their home carrier will have a relationship with a carrier like Telstra in Australia and there is a charge-back relationship. Australia reopened last year but it is expected that 2023 is more likely to see the benefits of international travellers. It can also relate to relationships between carriers where one carrier rents the capabilities of another in certain areas.

Macquarie also sees opportunities for Telstra in the next year from the monetisation of its FibreCo – it will complete a business restructure in January 2023 to support this activity.

Macquarie have revised their 12-month price target for Telstra up by 13% to $4.50/share"

https://www.marketindex.com.au/news/telstra-to-capitalise-on-optus-data-breach-macquarie








2.

I suggest you examine this Thread, from September to December 2022.
There are many media etc. links, by myself & others, quoting multiple broker & analyst reports that TLS, if it sells 49% of its InfraCo Fixed asstes (& they say many Funds, overseas Institutions etc. would be very interested in reliable, safe Infrastructure income) would be paid (for this 49% onl) between $12b- $17b.

AFR
https://www.copyright link/street-talk/telstra-infraco-sale-could-bring-big-buyback-dividend-boost-jpm-20221011-p5bou3

This would be a huge windfall for TLS, representing many multiples of the revenuues of InfraCo Fixed- thus greatly monetising these assets.


When TLS announced it sold 49% only of InfraCo Towers (now called Amplitel) in 2021, for $2.8b, TLS shares immediately rose 4.4%.

"...a valuation worth 28 times Telstra’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBIDTA), which is more than what the telco initially valued Infraco Towers"!!

https://www.marketindex.com.au/news/telstra-to-capitalise-on-optus-data-breach-macquarie