Telstra CEO expresses ‘surprise’ at NBN Co moving on enterprise market
NBN Co seeking to grow its share of the enterprise networking market is a “little bit of a surprise” for Telstra, the telco’s CEO Andy Penn says.
NBN Co seeking to grow its share of the enterprise networking market is a “little bit of a surprise” for Telstra, the telco’s CEO Andy Penn says.
Changes made by NBN Co to the timing of the National Broadband Network mean that Telstra for the third year in a row has had to revise its financial forecasts.
NBN Co now expects it won’t be cash-flow positive until FY23, a year later than projections released last year by the company.
Verizon has struck a deal that will see the company selling NBN Co’s Enterprise Ethernet service to Australian businesses.
Telstra’s net profit after tax dropped 39.6 per cent in FY19, the telco revealed today. The company reported NPAT of $2.1 billion, with earnings before interest, tax, depreciation and amortisation (EBITDA) down 21.7 per cent to $8 billion.
In the 12 months to 30 June NBN Co enjoyed earnings before interest, tax, depreciation and amortisation (EBITDA) of $608 million – if the $2 billion or so in subscriber payments to Telstra and Optus are discounted.
NBN Co says that in the past quarter it received more than 9500 enquiries related to suspected scams.
NBN Co has officially launched its Sky Muster Plus satellite service, which will allow some basic Internet activities to be conducted without eating into a household’s or business’s monthly data allowance.
More than 4000 post offices and Australia Post corporate offices and mail and parcel facilities will benefit from a network upgrade program that the organisation claims is the largest in the country.
The latest report from the Australian Competition and Consumer Commission’s broadband performance project reveals that greater than one in 10 NBN services are categorised as “underperforming”.
The Australian Communications and Media Authority (ACMA) has rapped seven telcos over the knuckles for failures to abide by new rules governing consumer information about NBN plans offered by retail service providers (RSPs).
The use of high-pressure sales tactics by telcos trying to sell NBN services to households and small businesses has been condemned by groups representing consumers and the telecommunications industry.
Telstra’s CEO Andy Penn has said there is still potential for the company's InfraCo business to take a stake in NBN Co if the government forges ahead with its privatisation.
Will Irving will join NBN Co as its chief strategy and transformation officer, the network wholesaler announced today.
Claims by telcos that NBN Co’s wholesale pricing is creating an “unsustainable industry” are unfounded, the network operator’s chief executive has argued.