Australia's Telstra raises 2020 earnings guidance

Credit: REUTERS/Daniel Munoz

- Telstra raised its 2020 core earnings guidance on Monday as it anticipates the worst impact of the rollout of a state-owned broadband network to occur later than previously expected.

Corrects par 1 to say NBN impact to occur later, not sooner

Sept 2 (Reuters) - - Telstra TLS.AX raised its 2020 core earnings guidance on Monday as it anticipates the worst impact of the rollout of a state-owned broadband network to occur later than previously expected.

Australia's largest telco by market value said it expected 2020 underlying earnings before interest, tax, depreciation and amortisation to be A$7.4 billion ($5 billion) to A$7.9 billion, from the previously announced range of A$7.3 billion to A$7.8 billion.

($1 = 1.4806 Australian dollars)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Stephen Coates)

((abyjose.koilparambil@thomsonreuters.com; +91 80 67496061))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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