The longer-term reputational impact of the breach remains a rating focus. Telstra shares could ultimately benefit from a hack – and a potential resulting hit to Optus’ reputation – that saw the data of 9.8 million current and former Optus customers reportedly ransomed by hackers.Īnalysts at S&P Global have reportedly said Optus customers could end up ditching the telco following the drama. Could Optus’ suffering benefit Telstra shares? Let’s take a closer look at what the Optus breach could mean for its S&P/ASX 200 Index (ASX: XJO) competitor. Stock in the national carrier is currently trading at $3.87. The company holds the majority share of the Aussie telco market, with Optus generally coming in second. Of course, that could be good news for Telstra. But the incident could have brought a silver lining for Telstra Corporation Ltd ( ASX: TLS) shares.Įxperts have reportedly voiced concerns the hack could cause Optus’ market share to shift. It’s been turmoil in the telecommunications space after Optus revealed hackers had taken off with the personal data of nearly 10 million Australians last week.
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