Telstra Corporation Ltd (ASX:TLS) is our country’s oldest telecommunications business, having built the first telegraph line in 1854. In 2019, it provides more than 17 million retail mobile services, around 5 million retail fixed voice services (e.g. home phones) and 3.6 million broadband services. Telstra also has operations in eHealth, network applications and subsea cabling.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.26% on Tuesday.
A decade after the last high, the ASX 200 (INDEXASX:XJO)(^AXJO) has finally topped its previous all time high.
The Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX: XAO) hit an all-time high today, finally passing the level that was set before the GFC over a decade ago.
There are two key reasons why investors may want to consider buying Telstra Corporation Ltd (ASX:TLS) shares.
Charter Hall Group (ASX: CHC) has announced a partnership to acquire 100% of the freehold interest in the Global HQ of Telstra Corporation Ltd (ASX: TLS) for a total consideration of $830 million.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.12% at lunch.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) rose by 0.23% on Thursday.
It might be hard to believe but the Telstra Corporation Ltd (ASX:TLS) share price has risen 36% in 2019, far outpacing fellow blue-chip favourites like Commonwealth Bank of Australia (ASX:CBA), up 13%.
ABS data released today bodes well for ASX companies involved in cloud computing, like Xero Limited (ASX:XRO), TPG Telecom Ltd (ASX:TPM) and Telstra Corporation Ltd (ASX:TLS).
