Consumer Finance

Telstra Shares Trade Higher as $1.25 Billion Buyback Wraps Up, Investors Focus on Week Ahead

Australia’s A$7.32 Billion Spectrum Sale Raises Questions for Phone Bills

Australia’s communications regulator set a preferred A$7.32 billion price for renewing key mobile and fixed-wireless spectrum licences, rejecting calls from Telstra, Optus and TPG Telecom for lower fees. The first renewal application period opens June 18 for the 850 MHz and 1800 MHz bands. Telstra and TPG warned of higher costs for consumers, while the regulator said the price reflects market rates.
May 20, 2026

Stock Market Today

  • QatarEnergy Expands Offshore Energy Operations in Uruguay
    May 20, 2026, 9:25 AM EDT. QatarEnergy, Qatar's state energy firm, has expanded its offshore energy footprint in Uruguay. This move marks a strategic advancement in the company's international energy exploration efforts, focusing on offshore oil and gas resources. The expansion aligns with QatarEnergy's broader goal to diversify and strengthen its global energy portfolio amid evolving market dynamics. Details on specific projects or investment scales were not disclosed. This development reflects increasing interest in South America's offshore energy potential and QatarEnergy's intent to capitalize on emerging opportunities in the region.