Telstra net slides amid discussion of equity offering

Article Abstract:

Telstra Corporation Ltd. of Australia posted an annual slide in net profit by 26 percent to $3.18 billion Australian Dollars ($2.42 billion) from $4.31 billion Australian Dollars last year. Revenues were due to decreased earnings for fixed line operations, increased competition in cell phone market and $427 million Australian Dollars set aside for job cuts. Telstra Corporation Ltd. is awaiting clearance from the Australian government on a proposed $19 billion privatization bid.

Australia, Sales, profits & dividends, Company sales and earnings, Company earnings/profit, Telstra Corporation Ltd.

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Deutsche Telekom plots expansion

Article Abstract:

Deutsche Telekom AG of Germany is planning a restructuring by growing foreign markets and upgrading its infrastructure to include internet television. The telecommunications operator posted a net loss of 898 million Euros ($1.19 billion) from a net profit of 991 million Euros last year. Decreased revenues are due to increased market competition by smaller startups in the home market.

Management dynamics, Management, Germany, Deutsche Telekom AG, Company business management, Financial report

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