BUZZ-UBS sees improved returns from Aussie telcos in 2026; adjusts PT

Reuters

Jan 13

** UBS sees reduced capex intensity, improved capital return for Australian telecom operators in 2026

** Says mobile pricing, more efficient deployment of capital, cost outs remain key levers for industry ROIC (return on invested capital) recovery in 2026

** Expects cumulative A$2 billion ($1.34 billion) worth of further buybacks for Telstra TLS.AX in FY27-FY30

** Reiterates "Neutral" on TPG Telecom TPG.AX, TLS; adjusts PT as follows:

Stock	New PT	Old PT
TPG Telecom	A$3.80/sh	A$5.40/sh
Telstra	A$4.90/sh	A$4.80/sh

($1 = A$1.4908)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.Shaikh@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2603571214"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2603571214\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2603571214?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-13 12:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2603571214","market":"fut","top_or_hot":-1,"title":"BUZZ-UBS sees improved returns from Aussie telcos in 2026; adjusts PT","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-UBS sees improved returns from Aussie telcos in 2026; adjusts PT</title></head><body><p>** UBS sees reduced capex intensity, improved capital return for Australian telecom operators in 2026</p><p>** Says mobile pricing, more efficient deployment of capital, cost outs remain key levers for industry ROIC (return on invested capital) recovery in 2026</p><p>** Expects cumulative A$2 billion ($1.34 billion) worth of further buybacks for Telstra <span>TLS.AX</span> in FY27-FY30</p><p>** Reiterates \"Neutral\" on <a href=\"https://laohu8.com/S/TPGTF\">TPG Telecom</a> <span>TPG.AX</span>, TLS; adjusts PT as follows:    </p><table><tbody><tr><td><p>Stock</p></td><td><p>New PT</p></td><td><p>Old PT</p></td></tr><tr><td><p>TPG Telecom</p></td><td><p>A$3.80/sh</p></td><td><p>A$5.40/sh</p></td></tr><tr><td><p>Telstra </p></td><td><p>A$4.90/sh</p></td><td><p>A$4.80/sh</p></td></tr></tbody></table><p>($1 = A$1.4908)</p><p> (Reporting by Jasmeen Ara Shaikh in Bengaluru)</p><p> ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-UBS sees improved returns from Aussie telcos in 2026; adjusts PT</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-UBS sees improved returns from Aussie telcos in 2026; adjusts PT\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-01-13 12:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-UBS sees improved returns from Aussie telcos in 2026; adjusts PT</title></head><body><p>** UBS sees reduced capex intensity, improved capital return for Australian telecom operators in 2026</p><p>** Says mobile pricing, more efficient deployment of capital, cost outs remain key levers for industry ROIC (return on invested capital) recovery in 2026</p><p>** Expects cumulative A$2 billion ($1.34 billion) worth of further buybacks for Telstra <span>TLS.AX</span> in FY27-FY30</p><p>** Reiterates \"Neutral\" on <a href=\"https://laohu8.com/S/TPGTF\">TPG Telecom</a> <span>TPG.AX</span>, TLS; adjusts PT as follows:    </p><table><tbody><tr><td><p>Stock</p></td><td><p>New PT</p></td><td><p>Old PT</p></td></tr><tr><td><p>TPG Telecom</p></td><td><p>A$3.80/sh</p></td><td><p>A$5.40/sh</p></td></tr><tr><td><p>Telstra </p></td><td><p>A$4.90/sh</p></td><td><p>A$4.80/sh</p></td></tr></tbody></table><p>($1 = A$1.4908)</p><p> (Reporting by Jasmeen Ara Shaikh in Bengaluru)</p><p> ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7511","symbol_name":"ESG概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260113:nL4N3YE09E:1","article_id":"2603571214","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2603571214","pubTimestamp":1768277063,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-UBS sees improved returns from Aussie telcos in 2026; adjusts PT** UBS sees reduced capex intensity, improved capital return for Australian telecom operators in 2026** Says mobile pricing, more e","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7511":"ESG概念","TLS.AU":"TELSTRA GROUP LTD","BK7042":"综合电信业务","TPG.AU":"TPG TELECOM LTD"},"translate_title":"BUZZ-UBS预计2026年澳大利亚电信公司的回报将有所改善；调整PT","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TLS.AU":0.9,"TPG.AU":0.9},"content_text":"BUZZ-UBS sees improved returns from Aussie telcos in 2026; adjusts PT** UBS sees reduced capex intensity, improved capital return for Australian telecom operators in 2026** Says mobile pricing, more efficient deployment of capital, cost outs remain key levers for industry ROIC (return on invested capital) recovery in 2026** Expects cumulative A$2 billion ($1.34 billion) worth of further buybacks for Telstra TLS.AX in FY27-FY30** Reiterates \"Neutral\" on TPG Telecom TPG.AX, TLS; adjusts PT as follows:    StockNew PTOld PTTPG TelecomA$3.80/shA$5.40/shTelstra A$4.90/shA$4.80/sh($1 = A$1.4908) (Reporting by Jasmeen Ara Shaikh in Bengaluru) ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}