Displaying items by tag: Andy Penn

The Federal Minister for Home Affairs, Peter Dutton, and his office say that "ransomware continues to be a prevalent global threat, and cyber criminals pose a significant risk to Australians and Australian businesses."

Telstra has announced the third element of its "Cleaner Pipes" initiative, ensuring that its smart pipes aren't dumb, and are as clean as possible from scam callers, safeguarding "millions of Australians in the process".

Ratings agency S&P Global Ratings says there are positive signs that Telstra's underlying earnings may have reached an inflection point, support by receding NBN headwinds, momentum in its restructuring strategy and its mobile leadership in Australia.

Telstra has experienced a drop in both total income and profit during the first half of the current year, but the telco, Australia's biggest, said on Thursday that it would pay a dividend of eight cents a share, and was hopeful of paying a further eight cents for the second half of 2020-21.

With the partnership billed as signalling "new generation digital foundations for Australian businesses", Microsoft will help Telstra set up "one of Australia’s largest digital twins", with emissions reduction initiatives, and the continued driving of digitally transformative operational models.

The Australian Government is investing $1.67 billion in its 2020 cyber security strategy which it says will protect and strengthen the security and resilience of Australia’s critical infrastructure, and ensure law enforcement agencies have the powers and technical capabilities to detect, target, investigate and disrupt cyber crime – including on the dark Web.

In the midst of any national crisis, it is common to find people who want to make themselves heard somehow, even if they can only do so by making the most stupid statements possible. That is clearly the case with the utterance issued by Telstra chief executive Andrew Penn who has called on Australians to be more mindful of how they use the Internet.

Telstra is cutting an additional 280 jobs as it continues culling its workforce as part of the program announced in 2018 that it would effect a net reduction of 8000 employees and contractors by 2022 - and reduce two to four layers of management, with one in four executive and middle management roles to go.

Telstra shareholders have voted to approve a salary increase for CEO Andy Penn, ignoring criticism from the union representing Telstra workers complaining about Penn's “exorbitant” $5 million pay packet.

Telstra workers across Australia will walk off the job on Wednesday (today) following what they claim is the company's continued refusal to provide them with fair pay and conditions.

Telstra has unveiled a rewards program called Telstra Plus that will give its customers points for the money they spend with the telco and they can then use these to obtain discounts on new products and technology.

Telstra says it will eliminate black spots at 131 locations under Round Four of the Federal Government mobile black spot program, “expanding its investment to bring new or improved coverage to more communities in regional Australia”.  

Telstra has plans to invest more than $160 million on 600 mobile network projects in Victoria during the 2018-19 financial year, with the aim of eliminating black spots, improving data speeds and capacity.

Telstra chief executive Andy Penn has revealed plans to move more skilled technical work offshore.

Telstra is sacking another 752 workers as part of its move to cut more than a quarter of the total workforce, a move announced in June last year.

Telstra's chief financial officer Robyn Denholm has resigned from the company and will be taking up the position of Tesla board chairman from 13 November.

ANALYSIS The big news at Telstra's annual general meeting on Tuesday wasn't the fact that the telco reported another drop in profits. Rather it was that the top executives still expected bonuses after another performance that could hardly be described as stellar.

Telstra has taken a hit to its bottom line for the second year running, according to full-year 2018 results released today, revealing net profits fell by 8.9% to $3.5 billion despite a 3% increase in revenues to $29 billion.

Deloitte's latest report finds two-thirds of businesses will be on 5G by 2020. It will be released at Telstra's annual innovation and tech showcase, Telstra Vantage.

Telstra has suffered a sharp fall in profits for the second year running, with the big telco hit with a 9% fall in net profits for the full-year 2018 to $3.5 billion, according to results released on Thursday.