Telstra

Australian telecommunications giant, Telstra (ASX:TLS) announced its profit results for the year to June 30.

• First annual profit growth since 2009.
• Revenue $25.5 billion, up 1.1%
• EBITDA $10.2 billion, up 0.8%
• Net Profit $3.4 billion, up 5.4%
• Earnings per share 27.5 cents, up 1.4%
• Results show Telstra's refocusing away from declining business lines to mobile

One of Australia's largest telecommunications company Telstra (TLS) has finally submitted its revised sturctural separation undertaking (SSU) to the Australian Competition & Consumer Commission that was due last week. ACCC's approval of the telco's SSU is the last step in the completion of Telstra's $11 billion deal with NBN.

Telecommunications Company Telstra (TLS) faces a crucial time to get the approval of the Australian Competition and Consumer Commission (ACCC) to finalise its proposed $11 billion deal with the National Broadband Network. The telco seems to be running out of time after failing to submit the final revised structural separation undertaking (SSU) last night.

Telecommunications company Telstra (TLS) believes that they can still reach an agreement with the regulators regarding its participation with the National Broadband Network (NBN) before the year ends.

Telstra (ASX:TLS) could have a share buyback next year if it gets the cash from its deal with the government. Under the agreement, the telco expects to get about $11 billion total—in current dollars and after tax is deducted—in disconnection payments, funding for universal services and for leasing infrastructure to NBN Co.

Chief financial officer John Stanhope said the company can give out ordinary dividends but not the special dividends possible with the payout from the NBN Co deal.

Telstra's (ASX:TLS) top management takes to the roads today in a nationwide campaign urging shareholders to give their nod to the company's deal with the National Broadband Network.

On a one-week tour, Telstra chief executive David Thodey, chief financial officer John Stanhope and chief customer officer Gordon Ballantyne will meet shareholders in ten cities, starting in Hobart and Canberra.

Telstra (ASX:TLS) is starting to gun for shareholder approval of its deal with NBN Co at the telco's annual meeting next month, despite reservations by the competition regulator.

An independent expert report released by Telstra recommends that shareholders approve the NBN Co deal to avoid a potential $4.7 billion loss and add another $1 billion in costs. Cooperating with NBN Co on its fibre rollout would make Telstra gain around $5 billion than if it chose the competition route.

Telstra (ASX:TLS) is expecting moderate revenue increase next year and chief David Thodey is confident the mobile and internet spending will boost guidance.

Despite a 6.4 percent drop in earnings, Telstra yesterday posted full years results that exceeded analysts expectations and pleased investors.

Telstra

Telstra (ASX:TLS) annual profit fell 17 percent with net profit at $3.231 billion for the year to June 30, down from $3.883 billion last period. Revenue added 0.7 percent to $25.09 billion while earnings were down 6.4 percent to $10.15 billion from $10.85 billion last year. The company declared a fully-franked final dividend of 14 cents, with full year payout at 28 cents.

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