Telstra ha s announced its capital management strategy, outlining the company’s priorities and underlying principles that will guide the company’s future decision making.

 

The announcement comes after the company released its free cash estimates in the order of $2 to 3 billion in free cash over the next three years, subject to NBN roll out schedule and market conditions.

 

Telstra CEO David Thodey told a briefing that the company remains committed to best serving its shareholder and customer base.

 

“Telstra is focused on serving our customers through improved service, offering new products, as well as leveraging our rich set of assets,” Mr Thodey said.

 

He also told the briefing that Telstra was making no change to guidance for the 2012 financial year and reinforced its intention to pay a 28 cent per share fully-franked dividend in 2012 and 2013. This is subject to the Board’s normal approval process for dividend declaration and there being no unexpected material events.