Optus gears up for mobile war against Telstra

Original article by David Ramli
The Australian Financial Review – Page: 15 & 20 : 15-May-15

Singtel Optus has posted a net profit of $A841m for the year to 31 March, which is 0.7 per cent higher than previously. The telco’s revenue increased by 3.8 per cent to $A8.79bn. Meanwhile, Optus will significantly increase investment in its telecommunications infrastructure. Optus intends to upgrade its mobile network in a bid to take market share from Telstra, while it will also upgrade its fixed-line network amid strong competition from TPG Telecom and iiNet.

CORPORATES
SINGTEL OPTUS PTY LTD, SINGAPORE TELECOMMUNICATIONS LIMITED – ASX SGT, TELSTRA CORPORATION LIMITED – ASX TLS, IINET LIMITED – ASX IIN, TPG TELECOM LIMITED – ASX TPM, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, NETFLIX INCORPORATED, NOMURA SECURITIES COMPANY LIMITED, PRESTO ENTERTAINMENT PTY LTD

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