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Retrieved on: 2018-03-06 07:26:15
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<div>We initiated a short position in <b>Telstra</b> in February 2017, premised on rising mobile & broadband competition, which was likely to impact on <b>Telstra's</b> growth outlook. Rising 10-yr bond rates makes it a double-whammy for <b>Telstra</b>, which we also view as a bond-proxy. Underlying core 1H18 earnings ...</div>
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