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Telstra broadband plan ditched

TELSTRA has shelved plans to develop a $4 billion state-of-the-art broadband network in Australia’s main capital cities, after the plan was found to be uneconomic. Telstra chief executive Sol Trujillo said he was still open to developing an upgraded broadband network, provided the circumstances were right. Telstra has been fighting fires on a number of fronts in recent weeks, posting a 46 per cent slump in second-half profits and being forced to justify Mr Trujillo’s $8.7 million pay packet.

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Total Shareholder Return as at 30/06/16

1 year TSR5 year TSR
365thLendlease17%20%
483rdWestpac-2%13%
497thTelstra-4%21%
526thQantas-9%19%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

6th-Telstra$26,607.0m
7th↑Westpac$21,642.0m
9th-Qantas$16,200.0m
10th-Lendlease$15,350.3m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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