Telstra Doesn't Seem to Be Benefiting From Optus's Problems -- Market Talk

Dow Jones
01/09

0104 GMT - The boost that Morgans analyst Nick Harris expected Telstra to get from problems at rival Optus doesn't appear to have occurred. Harris thought that Singapore Telecommunications-owned Optus might have experienced elevated customer churn following its highly publicized failure to connect calls to emergency services. This followed an earlier network outage and a data breach. He tells clients in a note that, while this is still possible, recent industry feedback suggests the short-term impact on Optus was not that material. Morgans keeps a hold rating and A$4.80 target price on Telstra stock, which is up 0.7% at A$4.835. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

January 08, 2026 20:04 ET (01:04 GMT)

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