Telstra has reported a half-yearly fall in profit of $94 million or 7.6 per cent and a 2.8 per cent fall in its revenue, as the nation's largest telco continues its bid to position itself for a post-NBN era of lower recurring earnings.
Its shares had fallen almost 2 per cent on Wednesday. There was a disclosure on Wednesday evening that a draft copy of CEO Andy Penn's results speech may have leaked, but the company said that had not affected the share price.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
