Since posting a low of $3.34 on November 28th, shares of Telstra have gained over 10% reaching a high of $3.72 in early trade.
Much of this recent optimism in the company stems from TLS wrapping up the second phase of their transmission network upgrade and deploying their high capacity optical technology, which is known as “5G”
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This increased capacity and faster download speed is shaping up as a winner as TLS is outperforming its rivals on the new iPhone X and iPhone 8 orders.
Because TLS has greater network capacity, they are able to charge a premium on these new mobile phone systems.
Technically, the next price hurdle will be at $3.83, which is the bottom end of a gap lower on August 29th.
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