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.
Telstra Corporation Ltd (ASX:TLS) shares barely budged an inch despite announcing a $273 million impairment charge.
The Aussie sharemarket or ALL ORDINARIES (INDEXASX:XAO)(ASX:XAO) index closed higher on Thursday as Westpac Banking Corp (ASX:WBC) powered ahead.
Australia’s S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) closed lower on Friday, dragged down by Telstra Corporation Ltd (ASX:TLS) and Tabcorp Holdings Ltd (ASX:TAH).
The Australian share market, including the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and All Ordinaries (INDEXASX:XAO)(ASX:XAO), closed higher on Wednesday.
