Australia’s Telstra reports annual profit jump, unveils $655 million buyback
Australian telecom Telstra on Thursday forecast higher operating earnings for 2026, following strong contributions from its mobile and fixed connectivity units that bolstered 2025 earnings, while also announcing a A$1 billion ($654.60 million) share buyback.
Price increases on most postpaid mobile plans, along with a rise in mobile network customers, have strengthened Telstra’s margins despite intensified competition from rivals.
