AI assistant
TELSTRA GROUP LIMITED Capital/Financing Update 2003
65927_rns_2003-05-18_6eb1df41-22e0-405a-a021-dfb05010639d.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
19 May 2003
The Manager Company Announcements Office Australian Stock Exchange 10th Floor, 20 Bond Street SYDNEY NSW 2000
Office of the Company Secretary
Level 41 242 Exhibition Street MELBOURNE VIC 3000 AUSTRALIA
Telephone 03 9634 6400 Facsimile 03 9632 3215
ELECTRONIC LODGEMENT
Dear Sir or Madam
Telstra reaffirms previous CAPEX guidance
In accordance with the listing rules, I attach an announcement for release to the market.
Yours sincerely
North brake
Douglas Gration Company Secretary
Telstra Corporation Limited ACN 051 775 556 ABN 33 051 775 556
Media Release
19 May 2003
146/2003
Telstra reaffirms previous CAPEX guidance
Telstra today reaffirmed its previous guidance in relation to core domestic capital expenditure for the financial year ending 30 June 2003 at \$3.2-3.3 billion and the financial year ending 30 June 2004 at approximately \$3 billion. This guidance was provided at the half year results announcement on 27 February 2003.
This guidance stands irrespective of claims by Senator Sue Mackay in a statement issued today.
In relation to claims by Senator Mackay on Telstra workforce reductions, Telstra does not have specific headcount targets and this remains the company's position.
Telstra has foreshadowed a continuing gradual decline in staff numbers, with this being managed in such a way as to not undermine the company's commitment to customer service.
Telstra also denied claims by the Democrats that there had been a massive rise in network faults after parts of Sydney that had recorded the heaviest rainfalls in 40 years.
As of this morning there were only 4,900 outstanding faults reported since heavy rains commenced last week, out of more than 2 million services in the Sydney area. Telstra expects to have these rectified in the next ten days.
Telstra Media Contact:
Stephen Morrison 03 9634 5611 or 0417 053 501
Telstra's national media inquiry line is 13 1639 and the Telstra Newsroom is located at: www.telstra.com.au/newsroom