Telstra Share Price Bounces Back as Shares Gain Altitude

After going through a rough patch with NBN services as well as this week’s outage, Telstra Corporation Ltd [ASX:TLS] have finally seen some positive growth in their share value.

The multi-billion-dollar telecommunications company had a 3.05% increase in share price today.

Telstra were aware of the problems it faced with the NBN, and as a result they made the decision to cater for its customers by focusing on reducing costs for their services.

This assured Telstra managed to keep its customers during the height of the NBN dramas.

Demand for Telstra’s products and services are at a high

Telstra have seen data volumes increase by 50% across all of its services and networks.

They know telecommunications are becoming the backbone of an abundance of industries.

Telstra have gone all out implementing its next generation of technology as they continue to move into more defined networks as well as the fundamentals of 5G.

In their Market release, Telstra stated:

It is against this background that we have been investing for the future. In 2016, we announced that we would invest up to $3b of incremental capex to achieve a material step change in our strategic position in anticipation of these changes. Since then we have deployed about half of that capex in the networks of the future and digitising the business.

Telstra’s improved offerings have kept them afloat, taking advantage of the line up of its sporting services.

They have managed to sell up to one million Telstra TVs, while increasing the speed of its NBN plans.

Telstra also expect to have half a million smart modems in Aussie homes by the end of the financial year.

They are currently focusing on reducing costs to help them completely bounce back from the slight decline recently. Who knows what could happen next…

Regards,

Ryan Clarkson-Ledward,
For Markets & Money

PS: Award-winning financial advisor, Vern Gowdie, believes we’re about to see a catastrophic market crash. Based on this research, Vern believes Aussie stocks could fall as much as 90%. To discover what to do in such an event, download your free report ‘Sell These Five ‘Fatal’ Stocks Now’, today.


Ryan Clarkson-Ledward is a junior analyst for Markets & Money. Ryan has degrees in both communication and international business. His priority is bringing you the latest price updates on stocks through ASX updates, as well as supporting Sam Volkering with background research. As part of the team at Markets & Money his aim is to provide unbiased and relevant news for readers. Ryan’s work with Sam is designed to provide research that complements Sam’s analysis for small-cap and technology stocks. Together, their objective is to break through all the jargon and give you the hard facts to inform your investment decision-making. Ryan writes for:


Leave a Reply

Your email address will not be published. Required fields are marked *

Markets and Money