Page 3 - Private Wealth Specialist Income SMA (Assertive) PDF Factsheet

Buy Telstra Group Ltd (TLS)

Telstra Group Ltd (TLS) is an Australian telecommunications and technology company. TLS operates in
all telecommunication segments including fixed-line and mobile telephone services, internet services
(ADSL, cable and fibre optic) and Pay TV. These services are sold across consumer and small business,
enterprise, network and IT and Telstra Infraco. Telstra also maintains the largest wholly owned subsea
cable network in the Asia Pacific region, providing data and IP network services globally.

Our View
- Strong market position with a dominant position in mobile services, broadband, and fixed-line
infrastructure, along with extensive brand recognition particularly in mobile network coverage
and mobile data.
- Growing demand for connectivity with data usage growing strongly due to trends like remote
working, streaming, and smart devices. Their 5G rollout makes them well positioned to
benefit from this growing demand.
- Ongoing strategic business transformation with a focus on cost cutting and streamlining
business lines and divisions, along with a focus on higher growth areas (digital and technology
services).
- Steady and high fully franked dividend yield whilst trading at an attractive price relative to its
history and the valuation of the broader market currently.

psk.com.au

PSK Financial Services Group Pty Ltd (ABN 24 134 987 205) trading as PSK Private Wealth and Employee Representatives of PSK Advisory Services Pty Ltd trading as PSK Private Wealth are all representatives of AFS licensee, PSK
Advisory Services Pty Ltd (ABN 30 008 587 595) AFSL #234656. This document contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to
consider your financial situation and needs before making any decisions based on this information.