By John McDuling and Tony Boyd – [Australia] Telstra chief executive David Thodey is planning to spend $100 million to accelerate construction of a key aspect of the national broadband network and unlock a $2 billion windfall for shareholders.
Telstra is planning to do everything it can to bring forward as much NBN revenue as possible given the risk of a change in government next year.
The bulk of the $500 million in capital spending will go towards mobile upgrades, amid an explosion in demand for Telstra’s services, driven by rising uptake of smartphones and tablet devices. more> http://tinyurl.com/94rhlqy
- NBN Co returns to “build-drop” for fiber rollout (blogs.strategygroup.net)
- Telstra shares hit four year high (news.theage.com.au)
- Telstra reinvests AU$1.2bn in network (zdnet.com)
- Telstra profit upwardly mobile (abc.net.au)
- Telstra results and NBN costs: the analysis (zdnet.com)
- Telstra Earnings Miss Estimates Amid Mobiles Push – Bloomberg (bloomberg.com)
- Locking in the NBN (go.theregister.com)
- Big states challenge NBN’s opt-out provision, David Ramli, Financial Review
- Hartsuyker: NBN costs spiraling, Daily Examiner
- Telstra boosts NBN, mobile investments, James Hutchinson, CRN
- Preview of NBN, Lachlan Thompson, Daily Examiner