Telstra profit tumbles as nbn continues to drain revenue
Telstra is in financial turmoil, but there’s a silver lining: more customers will buy new data plans, which will lead to lower prices for Telstra customers.
A survey of 509 telco customers by Telefonica suggests the telco’s share price dropped to its lowest level in nine months.
The FT’s Jason Cowley and Peter Schofield were part of a company that bought Telstra’s mobile phone services for $10.5 billion in 2006 – an amount that Telstra’s share price has been on a downward spiral over the past three years.
Telstra’s share price has plunged to $9.12, down from more than $10 before the crash.
FTC statement NBN share price
The Telstra’s share price is down 25 per cent compared with the Telstra’s pre-IPO peak, which was valued at about $24.
The firm’s share price falls because of the decline in the price of mobile phone data (data plans sold through Telstra’s mobile network).
Telstra says the price per kilo of data per month had dropped from $0.16 to $0.13 for the period ending on June 30 last year.
Telstra said most of its monthly customers had already purchased their mobile data plans and that it was “encouraging” other major mobile companies to do the same, and that there had been a significant reduction 오바마카지노in volume, especially from other wireless providers.
It was also “encouraging” third-party telcos to offer cheaper data prices, but said it was not the only reason the mobile market had become a “very competitive” one.
NBN was “in a good position to sell significant volume as other players exited the market with less demand than we expected in recent years”.
It said t우리 카지노hat its business was also benefiting from “enhanced capacity planning”, which means that if a contract is signed during the first nine months of a rollout the NBN would be running better than the industry’s average, which was currently around one megabit per second.
A total o블랙 잭f 3.3m phone contracts were signed for the period ending June 30 last year. It was more than half the NBN’s contracted capacity.
NBN was also “encouraging other third-party handset OEMs to offer comparable monthly prices to our existing contract customers”, it said.
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