Buyback for Telstra coming: analyst

Credit Suisse expects $2bn buyback; Macquarie Telecom chides Telstra's rural power.

Credit Suisse research analyst Fraser McLeish has reportedly told clients to expect a $2 billion share buyback announcement from Telstra (TLS) at its 2013/14 financial results.

“This would be large enough to be meaningful (3% of issued share capital) but would still leave plenty of capacity for Asian acquisitions,” said Mr McLeish, according to Fairfax Media.


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