Telstra warns EBITDA to be at bottom of FY18 guidance

Company News

by Anna Napoli

Telstra (ASX:TLS) has warned it expects financial year earnings (EBITDA) to be at the bottom end of its guidance of 10.1-$10.6 billion.

Meantime, cash flow is expected to be at the top end or moderately above the $4.2 to $4.7 billion range.

The company says the industry is facing competitive dynamics that have put pressure on both fixed and mobile margins.

Telstra has reaffirmed it expects its financial year dividend to be 22 cents fully franked.

Shares in Telstra (ASX:TLS ) are 4.22 per cent lower to $3.06.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.