In a somewhat surprising display of generosity, Telstra has paid out more as dividends to its shareholders compared to its net profit for the year 2019-20.
Global ratings agency S&P Global Ratings says Telstra needs to remain focused on implementing its T22 strategy as headwinds gather, after the telco revealed a slump in profits for 2019-20 due to the ongoing pandemic and the bushfires in summer.
Telstra has suffered a 14% drop in profits with the telco putting the decline down to pressure put on it by the the coronavirus pandemic and the national bushfire crisis.
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Would happily pay for 250mbit but sadly speed limited on the 850mtrs of copper to 50mbit max.