In a somewhat surprising display of generosity, Telstra has paid out more as dividends to its shareholders compared to its net profit for the year 2019-20.
Global ratings agency S&P Global Ratings says Telstra needs to remain focused on implementing its T22 strategy as headwinds gather, after the telco revealed a slump in profits for 2019-20 due to the ongoing pandemic and the bushfires in summer.
Telstra is selling its data centre complex in the outer-Melbourne suburb of Clayton for $416.7 million to industrial property investment company Centuria Industrial REIT.
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