Why telstra Is Trending Today?

Telstra, Australia's largest telecommunications company, has announced a major investment in 5G technology. The company plans to roll out 5G networks across the country, aiming to provide faster and more reliable internet connectivity to its customers. Telstra has also partnered with several tech companies to develop new 5G-enabled products and services.

Infosys, a leading Indian IT services company, has seen its shares rise by 2% following a Rs 1,300 crore deal to acquire a 75% stake in Telstra's Versent Group for $153 million. Telstra, Australia's largest telecommunications company, has experienced a fall in its shares despite reporting a rise in full-year profit and announcing a share buyback program worth up to $654 million. Telstra has also increased its dividend by 16% to 16 cents per share after reporting a 31% jump in profit.