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.
Business
Telstra is slashing 8000 jobs across Australia as it tries to save $1 billion but won’t say how many of its 3000 South Australian workers will be affected.
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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.
Telstra has launched a major brand makeover – but it says the campaign is not a direct response to the seven network outages customers have endured since February.
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