Where to now for long term investors of Telstra, page-9453

GR,the 5g vision is not unique to tls,all should understand the developing technology and its potential.Just because penn is spending billions on the network doesn't mean he can get a commercial return.
Understanding the vision/its potential is completely different to monetizing the vision.
My view is there r 3 ways tls can monetize the 5g vision,but let me say thodey's and penn's history of monetizing visions imo is not good.

So 3 ways,
-first obviously increased traffic due to 5g,but does this mean penn can materially monetize the increase in traffic?
-second increasing arpu thru selling applications like docusign etc.?
-third NAS,ie general 5g applications and services like mt data,cyber security and providing nas to enterprise and govt customers.Tls has a horrific record in competing in the NAS sector and for tls nas is basically a $8b plus division making very little profit so far.
So above areas will be the first areas i look for in penns presentation whether growth or decline .Besides ebitda and total costs.

Example of a vision globally that all could see just like 5g,but only a few were successful in monetizing it.To keep post short i will list only a few results.
The NFC chip which enabled tap and go and the NFC payments mobile phone.
NTT japan successful in monetizing the vision.
KT/SK korea successful.
Trujillo would have been successful but thodey shelved the successful trials.
The badly named US ISIS telcos formed a group to introduce mobile payments failed.
Google failed.
Apple took the domestic and global markets by storm,exctremely successful

So all major players with very deep pockets but only a feww made material profits from the new payments chip.

Imo same 5g,tls could b reduced to just competing with tpg and optus in connectivity,or tls could make material profits from 5g applications and services.
etc etc etc.
So far imo only,penn has not proved he can monetize the 5g developing technology,a sml example verizon builds a mmWave 5g esport arena in their lab,whats tls labs doing.?