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Telstra Corporation Limited’s (Telstra) common stock has declined significantly since our company news alert dated 13 August 2008, primarily due to Telstra’s exclusion from the Australian Government’s tender to build a new national broadband infrastructure, known as the National Broadband Network (NBN) request for proposals process. The decision has created a setback for Telstra’s goal to strengthen its dominance in Australia’s high-speed Internet…

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In FY 2008 Telstra Corporation Ltd.’s (Telstra) reported healthy growth in revenues due to growth in Internet and Mobile revenues. Profit margins were in line with our estimates and experienced an improvement in FY 2008....

Telstra Corporations Ltd’s (Telstra) reported revenue growth of 5.8% y-o-y to A$12,479 mn in 1H 08, below our estimate of A$13,064 mn. Growth in revenues was due to a y-o-y increase in revenues from the Internet and Mobile segment. Furthermore, in line with y-o-y growth in revenues, EBITDA and EBIT also registered a y-o-y increase of 5.2% and 6.2% in 1H 08. However, EBITDA margin declined 23 bps due to an increase in other expenses…