Category Archives: S&P/ASX 200 Telecommunication Services

Telstra witnessed a stock price slump of 6% on August 30 Traded ex-dividend

raded ex-dividend: Telstra witnessed a stock price slump of 6% on August 30, 2017 while the stock traded ex-dividend. Further, the group updated that the proposal to monetise a portion (worth between $5-5.5 billion) of its locked-in recurring nbn receipts, which was announced to the market on 17 August, did not receive technical consents from nbn co. The proposal was

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Telstra Corporation Ltd First mover advantage

First mover advantage: Telstra Corporation Ltd (ASX: TLS) stock recently reported that they are supporting the Australian Competition and Consumer Commission (ACCC) legal initiative against Vodafone regarding their decision on wholesale domestic mobile roaming. ACCC went against Vodafone decision of leveraging Telstra’s mobile infrastructure in regional and remote areas, where it has the least network coverage as compared to its

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Update about Vocus bidding

Vocus has received second proposal from Affinity Equity Partners (S) Pte Ltd:  On 7th June 2017, Vocus Group Limited (ASX:VOC) announced that it had received a preliminary, indicative and non-binding proposal from Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, KKR) to acquire 100% of the shares in Vocus (on a fully diluted basis) at a price of

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Recently, TPG Telecom Limited Expanding network services

Expanding network services: Recently, TPG Telecom Limited (ASX: TPM) had successfully raised approximately A$400.3 million at A$5.25 per share through the retail entitlement offer and the institutional offer for the network expansion and repayment of debt. Notably, with the recent winning of a bid for 2x10MHz of mobile spectrum in the 700MHz band, the company emerged as a competitor in

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During Q1FY17, Freelancer Ltd Robust growth in project fees

Robust growth in project fees:During Q1FY17, Freelancer Ltd reported a 20% yoy growth in cash receipts at $12.5 million on a rolling 12-month basis, with strong positive operating cashflow of $2.1 million. The company witnessed a robust growth in key metrics in the core marketplace segment during the quarter, while the core infrastructure, systems and processes are refurbished. Further, considerable

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For H1FY17,Debt free and well-funded to support growth objectives

Debt free and well-funded to support growth objectives: For H1FY17, group operating revenue grew by 1.2% to $47.0 million led by M2M & Fixed Wireless revenue as it grew by 16.4% yoy growth to $36.3 million (77% of group revenue). While adjusted EBITDA grew by 40.5% yoy to $12.5 million, there was NPAT loss of $1.7 million. Importantly, the company

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