0352 GMT - Telstra may fall short of first-half revenue expectations due to pressure on postpaid mobile demand, Jarden analysts reckon. They forecast A$5.535 billion in December half mobile revenue from the Australian telecommunications provider, compared with an average analyst forecast of A$5.559 billion. Analysts Tom Beadle and Liam Robertson tell clients in a note that they expect only very limited growth in postpaid services, pointing to potential for increased churn from Telstra's shutdown of its 3G network. Cost-of-living pressures may also have pushed some customers onto prepaid services, they add. However, they think other analysts are too pessimistic on costs and their first-half Ebitda forecast is in line with the analyst average. Jarden has an overweight rating and A$4.20 target price on the stock, which is down 0.5% at A$4.00. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 15, 2025 22:52 ET (03:52 GMT)
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