Telstra Group Ltd

TLS: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$5.70	Ypqyf	Htpbdllx

Fixed-Line Weakness Takes Shine off Telstra's Strong Mobile Performance

Brian Han

Feb 15, 2024

Business Strategy and Outlook

Telstra's performance during and since the depth of COVID-19 demonstrates the resilience of its earnings and the strength of its balance sheet, especially given the negative impact on high-margin roaming revenue was material during the pandemic. The AUD 2.7 billion cost-out program under T22 has been delivered and management is now focused on hitting the AUD 500 million cost reduction target under the T25 plan.

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