Today, Telstra Share Price hits 52-Week High, by growing 1.16% in today’s day of trading, to hit $3.50 a share.It’s a notable achievement for the Aussie telco company amidst what Singtel Optus CEO Allen Lew describes as a ‘rife and intense’ time for the mobile market.
As we head into the last week of the Australian federal election, it seems the ASX is following the lead of many Australians who are waiting to see how it all turns out.
After releasing its half-year results, TPG Telecom Ltd [ASX:TPM] reported its profits had dropped 76.3% on account of collateral to its abandoned mobile network. However, this was offset by a moderate rise in earnings, as well as underlying profit which was largely helped by TPG’s merger with Vodafone Hutchison Australia.
At time of writing, TPG Telecom Ltd [ASX:TPM] shares are trading at $7.84. This marks an increase of 6.52% from yesterday’s figures, which were sitting at a small 0.14% decrease.