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Telstra to split, cut $1b and 8000 jobs

Max Mason
Max MasonSenior courts and crime reporter
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Telstra will split out its infrastructure assets into a new wholly owned business for the potential to demerge the new division or bring in strategic investors.

Telstra's plan to split its infrastructure and other businesses, revealed by The Australian Financial Review's Street Talk column in May, will come into effect on July 1.

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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
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    Original URL: https://www.afr.com/business/telecommunications/telstra-proposes-split-cut-1b-and-8000-jobs-20180617-h11i2r