New Morningstar Analyst Report for Telstra Corp Ltd

Telstra is the leading telecommunications and information service provider in Australia. It has either dominant or significant market share in each service category and is the lowest-cost provider, underpinning its narrow moat rating. While competition is robust, mobile market shares are likely to prove reasonably resilient. The industry is highly regulated and the extent of regulation can penalise Telstra due to its market position and historical ownership.