The telco says it will keep its InfraCo Fixed business for the time being after delivering a 13 per cent rise in annual net profit to $2.05 billion.
in July on behalf of the federal government.
The Commonwealth funded most of the $US1.6 billion deal fearing it may be picked up by a Chinese state-owned entity and used for espionage.Earnings from the group’s mobile services business rose 15 per cent to $4.6 billion, stronger than expected. But earnings slid 28 per cent in Telstra’s enterprise business, which provides services to corporations and governments, to $411 million.and automate some operations to compete harder with software-based rivals for business customers.
Ms Brady said on Thursday that while the cost-cutting program was “being challenged” by high inflation, the company still aimed to achieve most of it by fiscal 2025. The company will pay a final dividend of 8.5¢ per share, bringing its total dividend for the year to 17¢ per share, up 3 per cent from a year earlier.
The company has told investors to expect underlying EBITDA of between $8.2 billion and $8.4 billion in 2024.
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