Telstra expects its total costs to be flat or decline each year

  • Nov 27, 2019 AEDT
  • Team Kalkine

Telecommunication technology leader, Telstra Corporation Limited (ASX: TLS) releases its Investor Day presentation today, wherein it informed that it expects its total operating expenses - excluding restructuring costs and impairments - to decline, with reductions in underlying fixed costs to offset increased NBN (National Broadband Network) network payments and other variable costs.

The company also expect additional restructuring costs of around $300 million associated with T22 in FY20. Telstra intends to decrease its underlying fixed costs by a cumulative $2.5 billion by FY22, relative to FY16. A

At AEST 1:15 PM, TLS shares stood at $3.725, up 3.186% from its previous close.

 

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