Telecom giant Telstra's profit jumps, announces $476 million buyback
By Sameer Manekar (Reuters) -Top Australian telecom firm Telstra met consensus expectations for its first-half profit on the back of its mobile business and announced an A$750 million ($475.88 million) share buyback,
Telstra Reports Strong Profit Growth and Announces A$750M Buyback
Australias leading telecom provider, met expectations for its first-half profit, driven by its mobile segment, and announced a A$750 million ($475.88 million) share buyback. CEO Vicki Brady
Telstra defends price hikes amid $800m upgrade and $750m share buyback
Telstra has defended its price hikes as the telco giant says it will spend $800m upgrading its network during the next four years to ensure it can power the artificial intelligence boom and fend off increased competition from rivals TPG and Optus.
Telstra targets $750M share buyback and commits $800M to elevate 5G network by FY 2029
Q2 2025 Management View CEO Vicki Brady highlighted that the telecommunications sector is pivotal for Australia's future, emphasizing the role of secure and reliable connectivity in enabling transformative technologies like AI.
Telstra announces bumper profits, dividend bump in half-year results
Telstra has announced a bumper profit on the back of its mobile business continuing to attract new customers. In an announcement to the ASX on Thursday, Telstra said revenue firmed 1.5 per cent to $11.6bn in the six months to December 31, while net profit after tax was up 7.1 per cent to $1.1bn for the half year.
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