Telstra (ASX:TLS) have revised their FY19 guidance based on the NBN Corporate Plan released on 31 August 2018.
The earlier guidance included the assumption that more houses and businesses would be ready for the NBN service. Telstra have now been forced to declare their revenue would be $300 million lower than previously forecast. It now expects income in the range of $26.2 billion to $28.1 billion.
EBITDA has been reduced by $100 million.
While the lower volumes impact Telstra’s outlook for FY19, it is anticipated these changes will be financially positive to Telstra over the full rollout due to the effects of the natural hedge.
Shares in Telstra (ASX:TLS) closed 0.66 per cent lower to $3.02.