Australia's biggest telco Telstra has brought forward its plans, announced last June, to sack thousands of workers, leading to an increase of $200 million in the company's restructuring costs for the current financial year.
Vodafone Hutchison Australia chief executive Iñaki Berroeta has criticised Telstra for seeking a drop in NBN prices at a time when it is receiving $2.5 billion from NBN Co for use of its infrastructure and for customers who have been transferred over.
Telstra has revealed a fall of 27.4% in its net profit after tax and a drop of 4.1% in its reported income for the first half of fiscal year 2019.
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Qantas and the Commonwealth Bank aren't infrastructure.