Here’s how Telstra (ASX:TLS) shares have performed in a year

2 min read | October 19, 2022 06:24 PM AEDT | By Team Kalkine Media

Here’s how Telstra (ASX:TLS) shares have performed in a year — Image source: © Kim146212 | Megapixl.com

What’s been happening with Telstra lately?

This year, Telstra has been in the news for different reasons. One of them is the recent announcement of the company’s AGM meeting and FY2023 guidance update.

According to the ASX announcement on 11 October 2022, the agenda for this year’s AGM meeting was to push Telstra’s corporate restructuring. Telstra's T22 plan included restructuring as a key component, and it continues to do so in the company's recently released T25 strategy. This restructuring is also a crucial next step in the company's drive to increase infrastructure asset transparency while sharpening management attention on customer businesses as well as infrastructure. Telstra anticipates achieving more freedom through this restructuring plan so that it can eventually increase value for its shareholders.

The company's shareholders have also approved the scheme of arrangement being utilised to aid this corporate restructuring.

Following the successful completion of T22 and the momentum in its core business, Telstra also boosted its dividend for the first time in seven years

Talking about this dividend development, Andy Penn, CEO, Telstra, said:

Image Source: © 2022 Kalkine Media ®
Data Source- Company announcement dated 11 August

Along with the aforementioned updates, Telstra made a few other announcements throughout the year that also had an impact on its share price:

a ten-year regional multioperator core network commercial agreement between Telstra and TPG Telecom Limited (ASX:TPG).
acquisition of Digicel Pacific.
launch of 5G services.
five-year extension of the strategic partnership with Microsoft.

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