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By Sameer Manekar
(Reuters) -Top Australian telecom firm Telstra met consensus expectations for its first-half profit on the back of its mobile business and announced an A$750 million ($475.88 million) share buyback, citing cost discipline and confidence in its outlook.
Telstra will conduct the on-market buyback through 2025, which CEO Vicki Brady said was consistent with its capital management framework and demonstrated the company's financial strength.
Shares of the telecom were 3.3% higher...
>>> Read more: Telecom giant Telstra's profit jumps, announces $476 million buyback
(Reuters) -Top Australian telecom firm Telstra met consensus expectations for its first-half profit on the back of its mobile business and announced an A$750 million ($475.88 million) share buyback, citing cost discipline and confidence in its outlook.
Telstra will conduct the on-market buyback through 2025, which CEO Vicki Brady said was consistent with its capital management framework and demonstrated the company's financial strength.
Shares of the telecom were 3.3% higher...
>>> Read more: Telecom giant Telstra's profit jumps, announces $476 million buyback
