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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.

Published in Listed Tech

The union representing Telstra workers claims the telco is forcing those who will not be affected by the sackings announced in June, as part of its new strategy known as Telstra2022, to take a cut in their take-home pay.

Published in Telecoms & NBN

A joint US$500 million (A$675 million) fund for investment in early to late-stage venture technology opportunities in the US, Asia and Australia has been set up by Telstra Ventures and Boston-based private equity firm HarbourVest Partners.

Published in Strategy
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