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Telstra to return AUD 1.5 billion to shareholders
2016-05-02 08:55:00| Telecompaper Headlines
(Telecompaper) Telstra announced a capital management program of at least AUD 1.5 billion to commence in its first half of the 2017 financial year. The distribution to shareholders will be in addition to the ordinary dividend, with specific details to be made available at Telstra's full-year results presentation on 11 August. In an announcement at its investors day, Telstra said it is examining various ways to return capital to shareholders, with the exact nature, amount and timing dependent upon market conditions and all necessary regulatory approvals. It plans to use the proceeds from the recently announced sale of Autohome shares to fund the capital management program.
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Category:Telecommunications