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.