Telstra’s (ASX: TLS) domestic mobile business may only grow slowly from here, yet some significant future growth is likely to come from the company’s fast-growing overseas businesses as well as its cloud-computing and data centre services. Still, Telstra shares have been swept up in the market fall, and are now trading for 16 times earnings – a reasonable price tag for such a well positioned business. The 6% dividend yield, fully franked, provides a further solid basis for future returns.
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