Infraco Fixed News Today

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Telstra has begun a “detailed review” of its enterprise division and shaved $100m from the top of its full-year earnings target. It will pay an interim dividend of 9¢.

Telstra boss Vicki Brady says customer sign-ups are “elevated” after the Optus outage, but doesn’t expect it will have a long-term effect on market share.

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The telco says it will keep its InfraCo Fixed business for the time being after delivering a 13 per cent rise in annual net profit to $2.05 billion.

Telstra’s decision to hold on to its $15 billion fixed infrastructure business speaks to rising demand from cloud computing, artificial intelligence and internet of things. 

"After thoroughly examining alternatives, we have concluded that the greatest value to be created for shareholders is by maintaining the current ownership structure of InfraCo Fixed, for at least the medium term," Telstra CEO Vicki Brady said.

Australia's Telstra shelved plans on Thursday to sell a stake in its physical infrastructure unit, sending its shares about 2.5% lower, even as the telecom…