Telstra Corporation Limited (TLS) is a full service domestic and international telecommunications provider and is without question the dominant telco in Australia.

The company provides telephone exchange lines to homes and businesses, supplying local, long distance and international telephone calls and supplying mobile telecommunications services. TLS also provides data, internet, on-line services and directory services.

TLS has five key business segments:

Key Points

FY13 Results:

Outlook

The groups FY13 results were solid and showed impressive growth for a company of its size.

TLS's is committed to stabilise its core businesses remains, but we have noted an increase focus on some of its underdeveloped sub divisions, in particular Network Applications and Services.

We like the move as the product compliments its other offerings, whilst has relatively lower capital outlay requirements.

TLSs current businesses still continued to benefit from previous network upgrades, whilst a new focus on its underdeveloped business will see continued growth for its earnings and its share price.

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