The Telstra Corporation Ltd (ASX: TLS) share price picked up slightly from its five-year low of $3.44 on Wednesday to close at $3.48, down 1.42% on the previous day's trade.
Telstra's ongoing slump has left investors in Australia's biggest telecommunications provider uneasy as the share price dropped to its lowest point since March 2012. From March 2012 it enjoyed a steady climb to $6.50 which it reached in January 2015.
The recent announcements of cuts to its dividend have driven Telstra's share price slide.
But if Telstra effectively allocates the funds from dividend cuts to maintain customer growth, which it said it achieved in FY17 with an increase of more than 1 million nbn connections, its outlook may not be as grim as many predict.
Although dividend seekers might want to forget Telstra for now!
