Telco giant Telstra has reaffirmed its income and earnings guidance for the 2016 financial year.
The company said, in an investor presentation on Thursday, it remains on track to achieve a mid-single digit growth in total income for the year, and low-single digit growth in EBITDA (earnings before, interest, tax, depreciation and amortisations).
In August, Telstra reported that its 2014/15 revenue had risen 2.8 per cent to $26.6 billion, while net profit was down 1.0 per cent to $4.23 billion.
But its dominance in the mobile market is under pressure from global rivals, and in October, competition watchdog the ACCC ordered the company to cut the price it charges other telcos to access its copper wire network.
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