Telstra Tweaks

Telstra said its results are being affected by reduced calling volumes, as Australians "manage their usage down" more than the company expected in the deteriorating macro environment. While Telstra continues to expect revenue growth in the range of 3-4% this year, it now expects EBITDA growth in the range of 5-6% (previously 6-7%) and EBIT growth in the range of 3-5% (previously 6-8%). - source: Telstra statement