Penn says Telstra reversal not far off as earnings dive
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Eamon Gallagher
Net profit after tax dipped 2.2 per cent to $10.9 billion in the six months to December 31. Revenue in the first half of the 2021 financial year dived 9.7 per cent on the prior corresponding period to $10.9 billion, and earnings before interest, tax, depreciation and amortisation fell 14.7 per cent to $4.1 billion.
Mr Penn disclosed that Telstra had fallen behind on key targets set as part of the massive T22 restructuring effort. It is lagging on an already reduced return on investor capital aspiration of about 8 per cent by the 2023 financial year and an aim to double active users by next financial year.
NBN Co’s earnings surge despite CVC capacity freebies
NBN Co’s earnings surge despite CVC capacity freebies
Do NBN Co’s latest financials suggest that the company got its CVC pricing wrong from the outset? Credit: Supplied
NBN Co CEO Stephen Rue has flagged that the company is on track to enjoy positive full-year earnings before tax, interest, depreciation and amortisation (EBITDA) for the first time, despite pledging additional capacity and retailer discounts last year.
In March 2020, the National Broadband Network (NBN) builder decided to “incrementally increase” its data capacity allocation to retail service providers (RSPs) in anticipation of a shift in peak traffic hours after facing increased pressure on its network as the COVID-19 pandemic saw thousands of Australians work from home.
Elon Musk muscles in on NBN s turf - MacroBusiness macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
NBN Co names next locations for fresh fibre extensions
NBN Co names next locations for fresh fibre extensions
NBN Co has revealed a further extension of new fibre optic cable to pass 200,000 premises Credit: NBN
National Broadband Network (NBN) retail service providers (RSP) servicing the likes of Maitland, NSW; Deer Park, Victoria; Albany Creek in Queensland or Gepps Cross in South Australia will soon have more fibre to play with.
NBN Co has revealed a further extension of new fibre optic cable to pass 200,000 premises in its fibre-to-the-node (FttN) footprint as part of its $4.5 billion network investment plan.
The so-called second tranche of this extension involves around 100,000 premises that it will pass as it extends fibre deeper into communities in selected metropolitan and regional areas of NSW, Victoria, Queensland, South Australia and Western Australia.
Rupert Murdoch’s Sky News will radicalise politics in Australia within a decade just as Fox News has undermined democracy in the United States, Kevin Rudd has told a parliamentary inquiry into media diversity. “For those concerned about the cumulative impact of Fox News in America on the radicalisation of US politics, the same template is being followed with Sky News in Australia,” Rudd told the Senate in a written submission. “We will see its.