Telstra dash for $2bn NBN bonus

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>

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