Contents

Key Takeaways

Introduction

Telstra 1H21 earnings summary

Our top telco trends and Telstra’s announcements

Trend: More telco infrastructure comes into play

Trend: Enterprise market shift

Trend: 5G comes into its own

Trend: Focus on low-end brands signalling more competitive aggression

Figures

1HFY21 Telstra key financials (A$m)

Telstra’s total income by segment

Telstra’s total income by product