Where to now for long term investors of Telstra, page-9056

Extract from an AFR article. Gotta say I agree with the comment on scarcity in a dividend yield >5% fully franked. Better than money in the bank

Anthony Aboud: Well, I call Telstra a buy. I think that they've done a good job. They cut their dividend a few years back, and they're invested in the 5G network, improving their front-end and back-end systems, et cetera, et cetera. I feel that they've got one thing, which is a scarcity, which is a dividend yield of five per cent or more, where the bank's not offering that anymore. I think a little bit of upside comes if they spin off the infrastructure business, InfraCo, which is going to be their business, which the European peers have. And the amount that Australians are willing to pay for infrastructure assets, they'll be able to spin over 15 times versus their six-and-a-half times multiple here.