Australian telco Telstra has published its financial results for the year ended 30 June 2018, which it confirmed were ‘in line with guidance and [showed] strong subscriber growth in fixed and mobile’. For the twelve-month period under review, Telstra reported a total income of AUD29.0 billion (USD20.9 billion), up 3.0% year-on-year, although sales revenues were down by 0.9% against FY 2017, at AUD25.7 billion. Total mobile revenue for the twelve-month period was flat at AUD10.1 billion, with an increase in turnover from wholesale resale, interconnection and M2M only just offsetting declines in revenues from post-paid and pre-paid voice services, and mobile broadband. In the fixed line segment, total turnover declined by 9.2% in the year to end-June 2018, to AUD5.8 billion; of that total, AUD2.5 billion was generated by fixed data services (down 0.2% y-o-y), with fixed voice turnover falling by more than 15% to AUD2.6 billion, and ‘other’ fixed revenue (including intercarrier services, payphones and narrowband internet) declining to AUD626 million (FY 2017: AUD729 million).
With both EBITDA and net profit after tax (NPAT) lower than in the previous fiscal year, meanwhile, Telstra cited the continued downward pressure on both metrics caused by the continued rollout of the National Broadband Network (NBN) and lower average revenue per user (ARPU). EBITDA in FY 2018 totalled AUD10.1 billion, a 5.2% decline from the AUD10.7 billion reported a year earlier, while NPAT stood at AUD3.5 billion in the latest financial year, down by almost nine percentage points year-on-year.
In terms of operational statistics, at the end of June 2018 Telstra had a total retail mobile subscriber base of 17.716 million, up from 17.374 million a year earlier, with a further 973,000 wholesale mobile accesses also on its books (Jun-17: 862,000). Retail fixed broadband connections were also up, standing at 3.599 million at end-June 2018, representing annualised growth of 2.5%, though wholesale data accesses dropped to 440,000 from 547,000 at mid-2017. The number of total fixed voice lines in service continued to tumble, meanwhile, declining by 5.7% y-o-y to 5.733 million, of which 4.882 million were retail (Jun-17: 5.354) and the remainder wholesale.