Telstra (ASX:TLS) share price on watch after maintaining half year dividend

The Telstra Corporation Ltd (ASX: TLS) share price will be one to watch on Thursday.

This follows the release of the telco giant’s half year results this morning.

How did Telstra perform in the first half?

For the six months ended 31 December, Telstra reported a 10.4% decline in total income to $12 billion. This was driven largely by an 11% decline in consumer and small business revenue to $6.35 billion and an 8.1% decline in enterprise revenue to $3.47 billion.

Telstra’s underlying earnings before interest, tax, depreciation and amortisation (EBITDA) fell 14.2% to $3.3 billion. This was due largely to an estimated in-year NBN headwind of $370 million and an estimated $170 million impact from COVID-19. Excluding these impacts,…