Telstra (ASX:TLS) share price withstands its LetsVaxx campaign backlash

Telstra has joined a number of other ASX 200 shares in encouraging COVID vaccinations.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Our largest telco is the latest major company getting in on the act to encourage COVID-19 vaccinations, and the Telstra Corporation Ltd (ASX: TLS) share price is holding up despite the controversy from its campaign.

The Telstra share price inched up 0.1% to $3.86 in after lunch trade. That may not be much of a move, but it's a positive sign as the S&P/ASX 200 Index fell 0.3%.

Investors are unperturbed by the backlash from some of Telstra's customers to its "LetsVaxx" campaign, reported News.com.au.

Telstra share price COVID vaccination Injection into arm

Image source: Getty Images

Telstra share price inches up as vaccination campaign draws heat

The telco is offering fully vaccinated customers bonus Telstra Plus Points and it has put "#LetsVaxx" on every customers mobile phone.

However, some customers have reacted angrily to the message. They either believe its an invasion of their privacy and/or do not believe in getting vaccinated.

"Hey Telstra stick your #letsvaxx hashtag that you've stuck at the top of my device fair up ya clacker," one customer wrote, according to News.com.au.

Some are even threatening to terminate their Telstra service unless the company removed the hashtag.

Telstra standing firm

But that isn't likely to happen. For one, it appears most people support Telstra's move as several have applauded the company for encouraging people to get the jab.

Our political leaders believe vaccination are the only way for life to return to any kind of normality.

Telstra has also stood by its campaign. It said it respected everyone's right to choose whether to get vaccinated and pointed out that all Telstra Plus customers will be eligible for bonuses regardless of their vaccination status.

The bonuses include free movie, food delivery discounts, and discounts on items in its rewards store.

Paying employees to get the jab

What's more, Telstra has hired satirist Mark Humphries for a social media campaign to bust common COVID myths.

"Mark's sharp satire successfully busted conspiracy theories around 5G and now we're calling on him to help cut through the noise and debunk Covid-19 vaccination myths," News.com.au reported Telstra's chief executive Andy Penn as saying.

The company is also offering employees $200 to get the shots and more than 5,500 of them have taken up the offer.

Other ASX 200 shares backing COVID vaccinations

But Telstra isn't the only one on the ASX 200 share benchmark to encourage vaccinations. Qantas Airways Limited (ASX: QAN) is offering to reward its customers who are fully vaccinated and requires all customer facing staff to be immunised.

Others jumping in on the act include the Transurban Group (ASX: TCL) share price, National Australia Bank Ltd. (ASX: NAB) share price and Bapcor Ltd (ASX: BAP) share price.

Motley Fool contributor Brendon Lau owns shares of National Australia Bank Limited and Telstra Corporation Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Bapcor and Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Communication Shares

A man with a wide, eager smile on his face holds up three fingers.
Communication Shares

How high could the bidding war for this ASX 300 company go after a third takeover suitor emerges?

The company says the current bids on the table are too low.

Read more »

A family sits around the living room, each on a different device.
Communication Shares

Superloop boss sells nearly $2 million worth of shares. Should investors be worried?

Superloop shares fall after a major CEO share sale.

Read more »

share buyers, investors, happy investors
Communication Shares

Superloop upgrades FY26 earnings guidance and unveils new strategy

Superloop lifts FY26 guidance and shares new growth plans at its Investor Day.

Read more »

A female executive smiles as she carries out business on her mobile phone.
Communication Shares

TPG Telecom posts mobile growth and strong free cash flow in 2026 update

TPG Telecom reports strong mobile revenue growth, tight cost control, and plans for increased dividends in its 2026 update.

Read more »

a woman sits at a computer with a satisfied expression on her face in a white room with greenery outside her window.
Communication Shares

Superloop completes Lightning Broadband acquisition

Superloop has completed its $165 million acquisition of Lightning Broadband, boosting its national fibre network and accelerating growth.

Read more »

A senior investor wearing glasses sits at his desk and works on his ASX shares portfolio on his laptop.
Communication Shares

Chorus's 2025 regulatory report: RAB grows, revenue falls short

Chorus's 2025 fibre regulatory report shows growth in regulated assets and a revenue shortfall to be carried into the next…

Read more »

A man casually dressed looks to the side in a pensive, thoughtful manner with one hand under his chin, and holding a mobile phone in his other hand.
Blue Chip Shares

Why are Telstra shares falling and should investors be concerned?

Telstra shares have fallen 6% after hitting a multi-year high.

Read more »

A man in a sweatshirt holds two different phones to compare telco services.
Share Market News

Telstra shares fall 6% from a multi-year high: What happened, and is it time to sell up?

Find out why investors are selling off their shares in the telco.

Read more »