
Telstra to create media division, plans investments

Australian carrier Telstra says it is on track to achieve its previously released guidance for low single-digit growth in revenue and EBITDA. "Our focus on adding customers and improving satisfaction continues to bear fruit, with strong sales momentum in the opening months of fiscal 2012," CEO David Thodey told an investors meeting. "Importantly, we are adding those new customers profitably and without sacrificing average revenues per customer." The company also said it will create a new division to manage its digital media interests. The Telstra Digital Media unit will include Sensis, BigPond, Trading Post, IPTV and Foxtel. These operations have around AUD 4 billion in sales and employ 4,000 people. As part of the plan, Telstra will invest AUD 100 million over four years to upgrade its media infrastructure. The new division will be headed by Rick Ellis, who will take over in January after completing his role as CEO of broadcaster Television New Zealand.
Countries:
Complete profile
Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.