Skip to main content

Advertisement

Advertisement

Business

Telstra aims to extend 5G coverage to 95per cent of Australia by 2025

Telstra aims to extend 5G coverage to 95per cent
 of Australia by 2025

FILE PHOTO: A man looks at his phone as he walks past a Telstra logo adorning a phone booth in the central business district (CBD) of Sydney in Australia, February 13, 2018. Picture taken February 13, 2018. REUTERS/David Gray/File Photo

:Australian telecom Telstra outlined a plan on Thursday, under which it aims to extend 5G coverage to 95per cent of the country by the end of 2025 and cut AUS$500 million (US$366.85 million) in net costs.

The cost reductions under the new plan, dubbed T25, are on top of the AUS$2.7 billion already being targeted under its current T22 strategy, the company said.

The plan will kick off on July 1, 2022, and includes the potential rollout of a 6G network.

Telstra also said it was confident of maintaining a minimum 16 Australian cent per share fully franked dividend through T25.

The company, which was split into three in November, sold a 49per cent stake in its mobile tower business for AUS$2.8 billion in July.

Telstra has been trying to restructure its operations as it faces persistent headwinds on its fixed-line business from the rollout of a state-owned broadband network.

(US$1 = 1.3630 Australian dollars)

(Reporting by Arundhati Dutta in Bengaluru; Editing by Shailesh Kuber and Anil D'Silva)

Source: Reuters

Advertisement

Also worth reading

Advertisement