Telstra Profit Down 14%, COVID Cost To Double FY21
Telstra has reported a 14.4% slump in full year profit to $1.84 billion, with EBITDA hit $200 million from the coronavirus pandemic.... Read More
Telstra ‘Clear Winner’ Of Aussie 5G User Experience
Telstra has been named the ‘clear winner’ for 5G user experience in Australia, beating Optus’ average speeds by 61.9 Mbps according to... Read More
NBN Revenue Up 36% Despite $3.78B Deficit
The NBN Co has surpassed its corporate plan target by over 230,000 premises, while notching a 36% year-on-year revenue lift and $3.78... Read More
June Online Retail Sales Up 49.6% Year-on-Year
The Australian e-commerce sector remained robust in June, despite prior record-breaking months from home-bound online shoppers during the coronavirus pandemic. According to... Read More
Telstra Sells $416M Data Centre In $2B Monetisation Pursuit
Telstra has sold its Clayton (VIC) data centre for $416.7 million, as it pursues a strategy to strengthen its balance sheet with... Read More
Bunnings Tops Oz Retail Online Searches In Pandemic
Many local retailers have seemingly pivoted marketing dollars to search advertising during the COVID19 pandemic, following a spike in online searches for... Read More
Treasurer Forecasts 9.25% Jobless December Quarter
Treasurer Josh Frydenberg has offered “harsh numbers” for a “harsh reality”, with local unemployment forecast to peak in the December quarter at... Read More
Aldi To Open 70 New Stores
German retail giant ALDI is set to open 70 new stores across the United States by the end of the year as... Read More
Mega Amazon Sydney Warehouse Deal Raises The Bar
Amazon Australia has raised the amount of industrial space locally leased to a five-year high, following an agreement to rent out a... Read More
Govt Lifts Worker Re-Skill Aid As Unemployment Hits 7.4%
Australia’s unemployment rate jumped to 7.4% in June, up from 7.1% in May according to latest ABS numbers. It comes as Prime... Read More