TELECOMMUNICATIONS – AUSTRALIA

Telstra ready to splash cash

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Original article by Mitchell Bingemann
The Australian – Page: 17 : 15-Aug-14

Telstra has announced a 2013-14 full-year net profit of $A4.28bn, on a revenue rise of 3.4% to $A25.1bn. The best result in close to 10 years comes as the Australian-listed telco invests in new acquisitions to boost its footprint in the media content sector, after offloading the CSL mobile telephony asset in Hong Kong. The final distribution is up $A0.005 to $A0.15, for a 12-month payout of $A0.295. CEO David Thodey also announced a stock repurchasing scheme worth $A1bn, and on 14 August 2014 the shares closed at a price of $A5.56 last witnessed in 2002

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, OOYALA INCORPORATED, HONG KONG CSL LIMITED, CITIGROUP PTY LTD, ALPHINITY INVESTMENT MANAGEMENT PTY LTD, SENSIS PTY LTD, PLATINUM EQUITY HOLDINGS, FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Vodafone spends $1b to lure customers

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Original article by David Ramli
The Australian Financial Review – Page: 15 & 20 : 4-Aug-14

Vodafone Hutchison Australia CEO Inaki Berroeta says that boosting profits is the telco’s top priority in the next several years. He also notes that Vodafone has invested nearly $A1bn in its 4G network over the last year, and major rivals Telstra and Singtel Optus have similar capital investment programs. Meanwhile, Berroeta has criticised Telstra’s dominant market position and its offshore outsourcing program, noting that Vodafone has expanded its call centre operations in Tasmania

CORPORATES
VODAFONE HUTCHISON AUSTRALIA PTY LTD, VODAFONE AUSTRALIA LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS, SINGTEL OPTUS PTY LTD, SINGAPORE TELECOMMUNICATIONS LIMITED – ASX SGT, CREDIT SUISSE (AUSTRALIA) LIMITED

Vodafone’s 4G boost will rival Telstra, Optus

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Original article by David Ramli
The Australian Financial Review – Page: 20 : 30-Jul-14

Benoit Hanssen of Vodafone Hutchison Australia says the telco will transfer 50 per cent of its 850MHz radio spectrum to its 4G mobile network by the end of 2014. The remainder of this spectrum, which is currently used by Vodafone’s 3G network, will be reallocated to 4G in 2015. The move will enhance Vodafone’s ability to compete with the 4G networks of Telstra and Singtel Optus

CORPORATES
VODAFONE HUTCHISON AUSTRALIA PTY LTD, VODAFONE AUSTRALIA LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS, SINGTEL OPTUS PTY LTD, SINGAPORE TELECOMMUNICATIONS LIMITED – ASX SGT, ERICSSON AUSTRALIA PTY LTD, SAMSUNG CORPORATION, HTC CORPORATION, APPLE INCORPORATED

Telstra to axe jobs in Asia push

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Original article by Mitchell Bingemann
The Australian – Page: 21 : 24-Jul-14

Telstra group MD for the Global Services division David Burns has unveiled 460 redundancies at the telco, with a further 208 contractors also to lose their jobs. In total some 15% of the workforce in the unit will be affected by a move to outsource the tasks to low-cost providers in India. Michael Tull, president of the Community & Public Sector Union, has condemned the decision. He noted that Global Services is a growth business for the telco and the staff involved are highly skilled

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS|COMMUNITY AND PUBLIC SECTOR UNION

How Telstra and NBN Co started a $200m fight

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Original article by David Ramli
The Australian Financial Review – Page: 20 : 16-Jul-14

NBN Co and Telstra are engaged in a legal dispute over the impact of increases in the CPI on their $A11 billion cable infrastructure agreement. There is a difference of $A200 million in their calculations. Telstra believes the CPI increase should apply from 2012, while NBN Co claims the increase should apply from 2013. The matter will be considered in the Supreme Court of New South Wales

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, NBN CO LIMITED, SUPREME COURT OF NEW SOUTH WALES