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Australia's Telstra revises yr to June 2007 outlook on regulatory pricing.
(From AFX UK (Focus))
SYDNEY (XFN-ASIA) - Australia's leading telecommunications group Telstra Corp Ltd said it has revised down expectations for financial results over the year to June 2007 as a result of recent regulatory pricing.
At 11:00 am Sydney time (0100 GMT), Telstra was down 0.11 aud or 3.03 pct at 3.52 aud, the lowest level since 1997.
The telco said it now expects revenue growth of 1.5-2.0 pct over the year to June 2007, earnings before interest and tax (EBIT) growth of 2-4 pct, but underlying EBIT to fall 2-4 pct.
Telstra said the revised guidance resulted from Australia's competition regulator announcing a reduction on Aug …
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