Have a read of the Telstra retail shareholder meeting slide page 7 T22 strategy....
5G rollout covered 1/3 of Australian population and we intend to extend that to 75% of the population by June next year.... NBN is a dud
Established Telstra InfraCo pillar Two, management is streamlining TLS to break up its slow as it's still run like a Government agency with too many middle managers doing little to no work.
Pillar Three has removed 4 layers of (Fat) management, 19,300 heads been made redundant this is good for the business. Employee engagement at an all time high also good.
Monetised 1.5 billion in asset sales to pay down debt.
Penn is doing his thing he is better than the last 2 CEO's, this ship will turn around and i'm taking the punt on positive outlook on break up at the AGM to be the kicker.
Yes i will and encourage you all to ask why the split has not occurred already and when it will be to the chairman.........
Lots of foot soldiers make light work
TLS Price at posting:
$2.78 Sentiment: Buy Disclosure: Held
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