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Telstra – 1H21 Reviewed

Telstra has reported underlying 1H21 EBITDA $3.8bn.

An interim dividend of 8¢ps was declared, comprising a $0.05 ordinary and $0.03 special.

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FY21 guidance now stands at $6.6bn to $6.9bn and FY22 & FY23 targets increased to $7.5-8.5bn.

Telstra will provide an update on towers later this quarter with binding offers expected by FY22. Some analysts have a standalone valuation on towers of $2.50+.

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