Simplify's take
What believers are saying
- FY26 EBITDAaL rose 3% to $8.2 billion, reinforcing cash generation.
- Mobile services revenue grew 4.8% in FY26, driven by ARPU and customer growth.
- Telstra spent $206 million on redundancies in FY26, supporting operating leverage.
What critics are saying
- Aura Network's expected nine-year payback exposes execution risk if enterprise demand slips.
- Telstra still depends on heavy network spending, including $1.8 billion through FY28.
- Rising competition from Optus, TPG, and hyperscalers can squeeze mobile and infrastructure margins.
What makes Telstra unique
- Telstra's Connected Future 30 ties mobile, fibre, satellite, and cloud into one platform.
- Its Aura Network has 8,500 kilometres built, with Google, AWS, Microsoft, and Firmus contracts.
- FY26 mobile leadership shows 1,200 5G Advanced upgrades and 150 new sites.
Help us improve and share your feedback! Did you find this helpful?