Australian Telcos extend decline on SpaceX spectrum deal concerns

By Reuters News01:13 (UTC), 13 October 2026 Updated

** Australian Communication Services sub-index .AXTJ falls as much as 0.7%, its lowest level since July 9, 2024

** Telcos sub-index extends losses after slipping as much as 2.4% on Monday, on concerns over SpaceX SPCX.O acquiring a US portfolio of low-band spectrum licences

** Australian Telco firm Telstra TLS.AX sheds as much as 1.1%, lowest level since Aug 28, while peers Superloop SLC.AX and Aussie Broadband ABB.AX tumble 1.6% and 0.5% respectively

** YTD, AXTJ down more than 14%, including day's moves

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