Telstra lifts 1H profit 10%
- 13 February, 2014 10:19
Telstra chief executive David Thodey.
Telstra has lifted its first half profit almost 10 per cent after taking on more than 700,000 new mobile customers in the space of six months.
The telco made a profit of $1.7 billion for the six months to December 31, up from $1.56 billion a year ago.
The company said it was on track to meet its full year guidance of low single digit earnings growth.
Telstra added 739,000 new mobile customers during the first half, taking its total number of mobile customers to 15.8 million.
"Our customer focus has led to continued mobile growth with the addition of 739,000 new retail mobile customer services and an increase in mobile services revenue of 7.3 per cent," chief executive David Thodey said in a statement.
The company's 4G network now had 4.1 million customers, with further growth expected, he added.
Meanwhile, Telstra announced a fully-franked interim dividend of 14.5 cents per share, up from 14 cents a year ago.
Mr Thodey also said Telstra had started negotiations with the Abbott government about possible changes to agreements relating to the National Broadband Network.
"We are committed to acting in the best interests of our shareholders, and are focused on maintaining the value of the current agreements, achieving certainty of outcome as soon as reasonably possible and minimising any additional regulatory risk," he said.
The government's planned changes to the NBN rollout will have implications for the $11.2 billion deal Telstra signed with the previous Labor government, regarding use of its copper network infrastructure.
Join the Computerworld Australia group on Linkedin. The group is open to IT Directors, IT Managers, Infrastructure Managers, Network Managers, Security Managers, Communications Managers.
Yelp speeds database access with flash storage
Thanks a million, Drupal
OS upgrades: Cheap is better than pricey, free is better than cheap
Amazon vs. Google vs. Windows Azure: Cloud computing speed showdown
The rise of security-as-a-service in Australia