Telstra Group Increases Strategic Investment Estimate Through Fiscal 2028
MT Newswires Live
15 hours ago
Telstra Group (ASX:TLS) said it now expects strategic investment through fiscal 2028 to total about AU$1.8 billion, up from a previous estimate of AU$1.6 billion, according to a Tuesday filing with the Australian bourse.
The updated figure includes ground infrastructure to support Viasat's next-generation satellite services in Australia, per the filing.
Telstra said it is confident in the project's returns, including an expected internal rate of return in the mid-teens range and a cash payback period of around nine years.
The company's fiscal 2027 guidance remains unchanged.
Its shares fell 1% in recent Tuesday trade.
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