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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.
The talks, revealed by Street Talk and confirmed by TPG on Tuesday, are an exciting development for telco bosses.
Telstra CEO Vicki Brady said the telco has a “stark focus” on cyber security after September’s data breach at Optus and a leak of its data.