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Telstra chief executive Andy Penn.

Telstra to ramp-up innovation: Penn

Telstra chief executive Andy Penn says the days where companies do all of their innovation, research and development internally are over, while new creative and more nimble startups are proving that the scale of a business is no longer a competitive advantage.

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London
This is a great move by Telstra and long overdue as Sydney could be a works centre for innovation given the Aussie mindset and quality of people.

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Total Shareholder Return as at 30/06/16

1 year TSR5 year TSR
228thLendlease17%20%
354thWestpac-2%13%
374thTelstra-4%21%
402ndQantas-9%19%
744 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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