BREAKING NEWS: Telstra Revenue And Profits Fall

X

Telstra who are going to have to rethink their business plans, if a Coalition Government is appointed next Saturday has announced a 2.2 per cent decline in revenues with fixed line revenue falling an additional 8 per cent. Profits declined 3 per cent to 3.8 Billion.

Mobile revenues are up 6.4 per cent while pre paid revenues are up 18 per cent. Data revenues increased by 8 per cent.

Last month Telstra reached agreement with the Labour Federal Government to sell several company assets to the NBN Co who is tasked with rolling out a new $43 Billion dollar fibre broadband network in Australia.

The deal was tipped to deliver billions in dividends for Telstra shareholders.

Telstra said that 2010 was proving to be a challenging year as the company coped with  intense competition and an accelerating shift of voice and data to their mobile networks.

Telstra said that In the last six months we have seen the operating performance in a number of key areas begin to improve. In the second half we have seen improving growth in our mobile business, and a return to fixed broadband subscriber growth as well as growth in both our Business, and Enterprise and Government segments. 2011 will be a transition year as we invest to prepare the company to compete in the future. We will:

· continue to improve customer service and satisfaction;

· simplify the business , re-engineer core processes and reduce costs; and

· prepare the business for an NBN world by investing to grownew revenue streams that compensate for reductions in traditional fixed revenues.

We are making capital investment and operational expenditure investment to develop and improve our product and servicedelivery capability. We believe this investment will allow us to fulfil the longer-term imperative of creating sustainable shareholder value.

The benefits of this necessary investment will become obvious from 2012.

In 2011, we expect an increase in the customer base and flattish revenue, but because of our additional investments and

changing product mix we expect a high single digit percentage decline in EBITDA.

More to follow.

 

<

p class=”MsoNormal”> 

ChannelNews AZ100 728x90 BREAKING NEWS: Telstra Revenue And Profits Fall
Arlo July Promo Digital 728x90 2 BREAKING NEWS: Telstra Revenue And Profits Fall
Hisense KV BannerAd 728 90 BREAKING NEWS: Telstra Revenue And Profits Fall
MOTO 36331576 Q3 Ad Banners 728x90 2 BREAKING NEWS: Telstra Revenue And Profits Fall
250527 SAV Channel news June25 Leaderboard 728x90 1 BREAKING NEWS: Telstra Revenue And Profits Fall
Flick of a switch 728x90 1 BREAKING NEWS: Telstra Revenue And Profits Fall
ELX DIG Crosscat Promo 728x90 Mar25 BREAKING NEWS: Telstra Revenue And Profits Fall
FA 979 HN MDF SG14 14gen 728x90 1 BREAKING NEWS: Telstra Revenue And Profits Fall
Westan 728x90px BREAKING NEWS: Telstra Revenue And Profits Fall
BlueAnt 4SQM PumpAirUltra 728x90px BREAKING NEWS: Telstra Revenue And Profits Fall
JBL TourPro3 728x90 BREAKING NEWS: Telstra Revenue And Profits Fall
HAIER Series 600 FLW HPD Pairs 728x90 1 BREAKING NEWS: Telstra Revenue And Profits Fall
Px7 S3 728x90 1 BREAKING NEWS: Telstra Revenue And Profits Fall
GOTHAM 728px x 90px BREAKING NEWS: Telstra Revenue And Profits Fall
728 x 90 BREAKING NEWS: Telstra Revenue And Profits Fall
Skullcandy 728x90 1 BREAKING NEWS: Telstra Revenue And Profits Fall
Marshall 728x90 1 BREAKING NEWS: Telstra Revenue And Profits Fall
appliance retailer leaderboard may 728x90 Hitachi updated BREAKING NEWS: Telstra Revenue And Profits Fall
AU X8 Banner 728x90 BREAKING NEWS: Telstra Revenue And Profits Fall
728x90 BREAKING NEWS: Telstra Revenue And Profits Fall
4Square Media Banner Ads Update at 5 July JSAU05JUL1 MR 728x90 1 BREAKING NEWS: Telstra Revenue And Profits Fall
728x90 BREAKING NEWS: Telstra Revenue And Profits Fall
4Square Media Banner Ads Update at 5 July JSAU05JUL1 Buddy 728x90 1 BREAKING NEWS: Telstra Revenue And Profits Fall
Uniden Channelnews SoloX July 2024 728x90 1 BREAKING NEWS: Telstra Revenue And Profits Fall
BEL2535 BPB024 4SQ Banners 728x90 BREAKING NEWS: Telstra Revenue And Profits Fall


YOU MAY ALSO LIKE