Telstra's revenues will remain flat in 2010

Facing slowdowns in both its Australian and Hong Kong markets, Telstra reduced its outlook for 2010. Coming on the heels of a challenging 2009, Telstra expects that FY 2010 revenues will remain "flattish" versus its previous forecast of "low single digit" growth.

What's contributing to Telstra's lower-than-expected growth are four factors: the strength of the Australian dollar, challenging operating conditions in Hong Kong, increased domestic wireline competition driven by Unbundled Local Loop (ULL) growth and consumer wireless substitution. However, the service provider said it will reach its $5.27 billion free cash flow target this year.

For more:
- Telecompaper has this article

Related articles

Telstra: profit up in '09, but 2010 will be tough
Telstra tries on 100 Gbps for size
Telstra gets the boot out of multi-billion $ Australia broadband project

Suggested Articles

Comcast Business has extended its broadband and network management capabilities into parts of Canada via a partnership with iTel Networks.

After two years of building anticipation, Pensando, a company formed by prominent former Cisco executives, has come out of stealth mode.

With Kubernetes far and away the leading container orchestration environment, Microsoft and Alibaba Cloud are forming a new open standard.