Telstra Foresees Additional Free Cash Flow

Telstra expects to generate AUS$2 to 3 billion in excess free cash over the next three years, subject to the NBN roll out schedule and market conditions. However, the company is not increasing its 2012 financial year guidance and reinforced its intention to pay a 28 cent per share fully-franked dividend in 2012 and 2013.
http://www.telstra.com