Business
Telstra has apologised to shareholders for a lack of clarity about how it calculates executive bonuses and acknowledged that some investors still feel they are too high despite a 30 per cent cut.
Business
Telstra has warned of increased competition and the continued impact of the NBN rollout on its bottom line in the current financial year, after the telco giant’s full-year profit dropped 8.4 per cent to $3.56 billion.
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UPDATED | Telstra customers are reporting outages across both the 3G and 4G networks, and a map produced by fault tracking site Aussie Outages shows the problem is affecting a number of metropolitan hubs around the country.
Telstra will take a $273 million hit in its first-half results after writing off the value of its US streaming business.
Telstra has offered to compensate 42,000 customers after failing to provide customers with the fast National Broadband Network speeds they promised.
Telstra will spend an extra $3 billion on its networks and has confirmed it will return $1.5 billion to shareholders in a buyback after its annual profit jumped 36.6 per cent to $5.78 billion.
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