Displaying items by tag: Andy Penn

The shares of Australia's biggest telco, Telstra, hit a seven-year low on Tuesday following a big drop on Monday after the company said its earnings for the current financial year would come in at the bottom end of guidance – between $10.1 billion and $10.6 billion.

Published in Telecoms & NBN

Telstra chief Andy Penn has flagged the telco is facing a difficult trading period ahead due to the “challenging dynamics” of the rollout of the national broadband network and increasing pressure on its margins from competitors.

News Corporation and Telstra have announced an agreement to combine Foxtel and Fox Sports Australia, in what they claim is a move that "will deliver premium and innovative content to Australians with ever greater quality, variety and efficiency".

Published in Entertainment

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