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In November 2016 we informed our shareholders that we would review our capital allocation strategy over the next 6-12 months. This review would take into consideration the long term business and financial profile of Telstra.
We are considering the best use of nbn payments and the most effective way of maximising long term shareholder value from these cashflows.
In the next four to five years Telstra will receive one-off payments and recurring payments associated with the migration to nbn. Specifically we will be reviewing how we allocate and structure both sets of receipts to determine how we can enhance shareholder value from them.
The review will also cover long term capital expenditure post nbn, and investment decisions including our mergers and acquisition criteria and take into consideration shareholder returns including dividends, buy-backs and other forms of return.
We always welcome and consider the views of our shareholders and in November 2016 we said that we would seek feedback from all of our stakeholders specifically on our capital allocation strategy. We appreciate the feedback received to date and would now like to remind shareholders who are yet to provide feedback, that there is an opportunity to share your views and priorities.