Thursday, 13 August, 2026
Capital Call: Telstra Unveils A$1 Billion Share Buyback as Mobile Gains Drive Profit Up
By TechShots Studio
Australian telecom giant Telstra announced a new share buyback of up to A$1 billion ($706M) alongside a 3.2% rise in annual net profit to A$2.24 billion. Driven by solid mobile revenue growth and strategic tariff hikes, the company also bumped up its final dividend to 10.5 Australian cents per share, signaling balance sheet strength to investors.