Displaying items by tag: T22 strategy

Telstra chairman John Mullen has defended Optus over the recent major data breach, saying it was easy to be critical of another company's performance when one was not in the firing line.

Telstra has announced an increased dividend for the first time in seven years, despite reporting a drop in income and profit for FY22, according to its results released on Thursday.

Telstra has hired 2,000 local new team members across the country to answer all consumer and small business calls.

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.

Telstra has launched a range of new “radically simplified” post-paid mobile plans which it says will give consumer and small business customers data increase of up to 30GB, as part of a refresh of its T22 strategy which was introduced last year in a move aimed at simplifying the telco’s operations and product sets, improving customer experiences and reducing its cost base.

The union representing Telstra workers wants all Australian businesses to follow suit with the telco’s decision to put on hold any further job cuts for the next six months as part of its contribution to national economic stimulus in response to the coronavirus outbreak.

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 has unveiled a major revamp of its support for Australian small businesses, including a new mobile and tablet plan with no lock-in contract and no excess data charges in Australia.