Telstra to Invest Additional A$1.4 Billion-A$1.6 Billion on Infrastructure Projects
01 Febrero 2022 - 4:15PM
Noticias Dow Jones
By Stuart Condie
SYDNEY--Telstra Corp. Ltd. will invest up to 1.6 billion
Australian dollars (US$1.1 billion) on two projects including
expanding its optical-fiber network and building local
infrastructure for ViaSat Inc.
The Australian communications provider said the bulk of the
investment, which is in addition to its previously announced
capital expenditure commitments, would occur between its 2023 and
2025 fiscal years. It expects to invest up to A$350 million
annually over the period, with its investment eventually totaling
A$1.4 billion-A$1.6 billion.
Telstra said it expects the combined investment to deliver an
internal rate-of-return in the mid-teens, to contribute A$200
million in annual earnings by fiscal 2026, and to have a payback
period of approximately nine years.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
February 01, 2022 17:00 ET (22:00 GMT)
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