Key Developments: Telstra Corp Ltd (TTRAF.PK)
4.98USD
17 May 2013
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Latest Key Developments (Source: Significant Developments)
Telstra Corp Ltd And Seven West Media Ltd Announces Partnership With HealthEngine
Telstra Corp Ltd announced that the Company and Seven West Media Ltd have agreed to enter into a AUD 10.4 million strategic partnership with HealthEngine, an online consumer health marketplace in Australia. Telstra and Seven West Media will each invest AUD 5.2 million through a combination of cash and value-in-kind to secure a stake in the business. HealthEngine is an online health directory and includes appointment booking service Open Appointments. Full Article
Telstra Corp Ltd Secures Spectrum Licenses
Telstra Corp Ltd announced that it has secured licenses in the 700 MHz band and 2.5 GHz band in the spectrum auction held by the Australian Communications and Media Authority (ACMA). The licenses are for a contiguous 2x20 MHz block of spectrum in the 700 MHz band (40 MHz in total) and a contiguous 2x40 MHz block in the 2.5 GHz band (80 MHz in total). In the auction Telstra's total package of spectrum was secured at close to the reserve prices and the total investment by the company will be AUD 1.302 billion. The license for the 2.5 GHz band is set to commence on October 1, 2014 (except in Perth metro and regional Western Australia which commences on February 1, 2016) and for the 700 MHz band on January 1, 2015. Full Article
Telstra Corp Ltd Announces Award Of AUD 1.1. Billion Contract
Telstra Corp Ltd announced that Defence has signed a AUD 1.1 billion contract with the Company for the provision of telecommunications services. The six-and-a-half year contract will enable Defence to transform its communications technology including better integrating fixed telecommunications with satellite and tactical networks. The project includes a transformation program of work and the ongoing sustainment of Defence’s telecommunications environment. Full Article
Telstra Corp Ltd Announces EUR 1 Billion Bond Issue
Telstra Corp Ltd announced a EUR 1 billion bond issue with a 2.50% coupon and a maturity of September 15, 2023. Full Article
Telecom Corporation of New Zealand Ltd To Build Australia-New Zealand Cable With Vodafone Group Plc and Telstra Corp Ltd-Reuters
Reuters reported that Telecom Corporation of New Zealand Ltd, Vodafone Group Plc and Telstra Corp Ltd plan to build a $60 million submarine cable linking New Zealand with Australia and strengthening its Internet connectivity with Asia, Telecom said. The Tasman Global Access Cable is expected to be completed by late 2014. The venture would be a roughly equal partnership between the three firms. Full Article
Telstra Corp Ltd Reaffirms FY 2013 Earnings Guidance-Conference Call
Telstra Corp Ltd announced that the guidance for fiscal 2013 remains unchanged. This includes low single digit growth for both total income and EBITDA. The Company reported net income of AUD3.405 billion and EBITDA of AUD10.234 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of AUD10.461 billion in fiscal 2013. Full Article
Telstra Corp Ltd Announces H1 2013 Interim Dividend
Telstra Corp Ltd announced to pay an interim dividend of AUD 0.14 per ordinary share. The dividend will be fully franked at a tax rate of 30%. The record date for the interim dividend will be February 22, 2013, with payment to be made on March 22, 2013. Full Article
NZ Regulator Clears Vodafone Group Plc Takeover Of Telstra Corporation Limited's New Zealand Operations-Reuters
Reuters reported that British mobile phone operator Vodafone Group Plc received the green light for the NZD840 million ($688 million) takeover of Australian telecom operator Telstra Corporation Limited struggling New Zealand operations. New Zealand's competition regulator approved Vodafone's move to acquire TelstraClear's fixed-line and Internet operations. The Commerce Commission said it looked at the potential impact of the purchase in a number of markets, including fixed line calling and broadband services to residential, as well as business customers. Full Article
Telstra Corp Ltd To Cut 422 Jobs, Close Two Call Centres-Reuters
Reuters reported that Telstra Corp Ltd said it plans to cut about 422 jobs at customer service and call centre operations, saying the cuts were forced by a 20% fall in call centre volumes. Telstra said it would close two call centres and consolidate some testing functions, as more customers were using online transactions. Full Article
Telstra Corp Ltd Announces Final Dividend
Telstra Corp Ltd announced that on August 9, 2012, the Directors resolved to pay a final fully franked dividend of $0.14 per ordinary share ($1,738 million), bringing dividends per share for fiscal 2012 to $0.28 per share. The record date for the final dividend will be August 24, 2012 with payment being made on September 21, 2012. Full Article
Update-Moody's: Telstra's spectrum purchase credit negative; ratings unaffected
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