Sol-less Telstra unperturbed by NBN

And Telstra chair tells media to get over it.

Telstra's dominance of the telco market will continue over the next four years despite losing CEO Sol Trujillo and its chance at the $10 billion National Broadband Network (NBN), company chiefs said Thursday.

Telstra chairman Donald McGauchie told reporters in Sydney its exclusion from the NBN will not jeopardise its market position.

“I think you guys have got to get over this obsession with [the NBN],” McGauchie said.

“It would be nice if this country got off the political kick and got on to the innovation investment concept and understand that there are a lot of ways to skin a cat.”

He said Telstra's 30Mbps Hybrid Fibre Coaxial network, Next G and new fibre backhaul links create a formidable national network.

He claimed the NBN will have no impact on Telstra's financial guidance and will present “major challenges for the operator” in terms of technology, logistics and legal challenges.

McGauchie said Trujillo's replacement, who will step in on June 30, will be “able to see around corners”, conceptualise and strategise the future, and execute it

Trujillo said the company is on track to meet its ambitious 2010 goals and is “as focused as [it] has been over the last four years”, in which he was CEO.

He said his successor will be sourced from internal and external candidates and will need to overcome the challenge of managing Telstra's legacy systems.

“The day I took my job is the day I started planning succession... getting as many great people developed inside the company,” Trujillo said.

He said he will not immediately look for another job.

“I will be focused until midnight June 30, but I also have some personal considerations and I have family, friends, parents, and to be quite frank I've got to lose about 8kgs too... ,” Trujillo said.

McGauchie said the strategic decision and implementation of the Telstra Next G network was Trujillo's greatest achievement.

Some analysts attending Telstra's financial results announcement Thursday raised concerns that the company will lose-out from its exclusion from the NBN.

Telstra posted a half year profit of $1.9 billion, down a percent compared to the corresponding period.

Tags TelstraNBN

More about BillionNICETelstra

2 Comments

gfrend

1

Solstice?

McGauchie may have missed his vocation, as it seems he might have been a real comedian.

It was Telstra, wasn't it, that promoted the FTTN concept for the NGN as the only way to go, because it would have allowed Telstra to effectively cut off all competing carriers from the exchange/node link?

b.perger

2

Losing our Sol. (who is the biggest loser?)

I'd be happy to spend some time to help Sol lose the 8kg. Now... considering Sol's bonus payments and golden handshake, how much should I charge per hour?

Comments are now closed

Chrome gets sharp after dumping 30-year-old Windows technology

READ THIS ARTICLE
DO NOT SHOW THIS BOX AGAIN [ x ]