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Top related persons:
Vicki Brady - 2 David Gray - 1 Henry Jennings - 1 Brady - 1 Poonam Behura - 1 Anil D'Silva - 1 Subhranshu - 1 Kelly Bayer Rosmarin - 1
Top related locs:
Bengaluru Sydney Australia
Top related orgs:
Telstra - 2 TPG Telecom - 2 Thomson - 2 REUTERS - 1 Australia's Telstra - 1 InfraCo - 1 Marcustoday - 1 Companies Telecom - 1

Search resuls for: "Vicki Brady"


2 mentions found


☆ Australia's Telstra shelves InfraCo stake sale plan, shares down
  + stars: | 2023-08-17 | by ( Poonam Behura | ) www.reuters.com   time to read: +2 min
The country's largest telecoms firm decided against selling a stake in InfraCo Fixed, saying the unit "plays an important role" in achieving its long-term goals. InfraCo Fixed posted a 4.1% rise in annual income to A$2.56 billion ($1.64 billion), contributing 11% to Telstra's total income of A$23.25 billion. Telstra is targeting net cost reductions of A$500 million and mid-single digit underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) growth through to FY25. It expects underlying EBITDA between A$8.2 billion and A$8.4 billion for fiscal 2024, higher than A$7.86 billion in the previous year. We remain absolutely committed to delivering our FY25 underlying EBITDA and EPS growth ambitions," Brady said.
Persons: David Gray, Henry Jennings, Vicki Brady, Brady, Poonam Behura, Anil D'Silva, Subhranshu Organizations: Telstra, REUTERS, Australia's Telstra, InfraCo, Marcustoday, TPG Telecom, Thomson Locations: Sydney, Australia, Bengaluru
☆ Australia's competition tribunal blocks Telstra-TPG Telecom network deal
  + stars: | 2023-06-21 | by ( Harish Sridharan | ) www.reuters.com   time to read: +3 min
2 wireless internet provider owned by Singapore Telecommunications (STEL.SI). TPG said it would review the tribunal's decision before considering its options for further appeal, including a judicial review in the Federal Court. Telstra shares were up 0.7% in early trade, while TPG's shares fell as much as 10.8%, the biggest intraday decline since August 2022. Optus, which had previously opposed the deal on the grounds it would build Telstra's market dominance, said it welcomed the tribunal's decision. "The tribunal's decision was a decisive move for competition in the sector," Commpete Chair Michelle Lim said.
Persons: Vicki Brady, Kelly Bayer Rosmarin, Commpete, Michelle Lim, Harish Sridharan, Subhranshu Sahu, Jamie Freed, Sherry Jacob, Phillips Organizations: Companies Telecom, Optus, TPG Telecom, TPG, Telstra, Australian Competition Tribunal, Telstra Group, Australian Competition, Consumer Commission, Singapore Telecommunications, ACCC, ACT, Thomson Locations: Bengaluru
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