Top telco Telstra Corporation Ltd
(ASX:TLS) has today confirmed its financial guidance for fiscal 2010 and says it hopes to grow the company’s core business by improving customer service and taking advantage of recent technology upgrades.
CEO David Thodey told investors that the telco has invested $12 billion over four years in advanced technology, and now it is time to take advantage of those investments to defend and grow the core business.
The telco says it remains on track to achieve free cash flow of $6 billion and low single digit growth in earnings before interest, tax, depreciation and amortisation for the year to June 30, 2010, with earnings before interest and tax also expected to grow by a low single digit percentage.
Mr Thodey also confirmed that Sensis and Telstra Media remain core assets and are performing well, and that Telstra will further develop its new media businesses in China and selectively invest around its Asian businesses.
Telstra’s 2009 net profit of $4.073 billion was its best since 2005.
