Telstra shares collapsed almost 10 per cent yesterday – their second-biggest fall since listing on the stockmarket in 1997.The company admitted reaching an “inflection point” where fixed-line customers were hanging up faster than it could sign them to mobiles.Chief executive David Thodey yesterday conceded the former monopoly was “losing too many customers” as he again cut profit forecasts and signalled the company may not be able to maintain such generous dividend payments to its 1.4 million shareholders.To read this report in The Australian in full, see:
www.theaustralian.com.au/business/industry-sectors/telstra-shares-tank-as-mobile-phones-take-over/story-e6frg9hx-1225904672818Also see:Little need for 1Gbps broadband: Thodey
Telstra’s chief executive said today that household demand for 1 gigabit per second internet speeds is probably a few years away.Communications Minister Stephen Conroy today said that the Federal Government’s National Broadband Network (NBN) will be able to provide speeds of 1 gigabit per second, 10 times faster than originally envisaged.
www.zdnet.com.au/little-need-for-1gbps-broadband-thodey-339305178.htm
Telstra shares tank as mobile phones take over
Telstra shares collapsed almost 10 per cent yesterday – their second-biggest fall since listing on the stockmarket in 1997. The company admitted reaching an “inflection point” where fixed-line customers were hanging up faster than it could sign them to mobiles.