Telstra: put it on hold for now?

Co-founder of the Switzer Report
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The nicest thing I can say about Telstra is that it is probably better than its main competitors, Optus and Vodafone. Some would say that they are all hopeless, so this really doesn’t mean too much.

The second nicest thing I can say is that they are trying hard, and CEO Andy Penn and his leadership team might yet pull off the somewhat unimaginable and make up for the havoc the NBN is reeking on Telstra.  But there is a long way to go on this front and Telstra remains very much a “work in progress”.

Last Thursday, Telstra broadly met market expectations when it reported NPAT for the year of  $2.1bn (its worst financial result in 21 years.) Key numbers included:

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