ENP Newswire -
Release date- 12022014 -
Chief Executive Officer
'Our customers remain our highest priority and our focus during the past six months has been to continue to improve the way we interact with them every day as well as provide them with access to the best networks in
'Our customer focus has led to continued mobile growth with the addition of 739,000 new retail mobile customer services and an increase in mobile services revenue of 7.3 per cent. We continued to invest in maintaining our network leadership, highlighted by our
'We announced a refreshed strategy in the half and realigned our structure to provide increased focus and resources to growth areas such as
'Our NAS business recorded revenue growth of 29 per cent to
'Group operating expenses increased by 2.1 per cent in the first half, largely driven by costs supporting revenue growth. For example, we have incurred upfront costs to support the implementation of our largest contract,
'We expect these transactions to complete in the second half of the fiscal year, subject to approvals, and we will deal with these proceeds in accordance with the principles outlined in our capital management framework.
'Our portfolio management also included selecting the right capital structure for parts of the business, with the
In Global Applications and Platforms Telstra launched muru-D, an initiative to help
Key Financial Results
The reported results for the six months ending
Total income increased 4.1 per cent or
EBITDA increased 7.0 per cent or
Net profit after tax increased 9.7 per cent or
Earnings per share increased 8.7 per cent to
Accrued capital expenditure decreased 2.1 per cent to
Free cashflow decreased 23.4 per cent or
Key outcomes against strategic priorities
Improving Customer Advocacy
'Offering Australia's largest and most reliable mobile network is central to helping our customers stay connected in more locations across
'We have introduced initiatives to improve cost certainty and control for customers using their mobiles overseas; and we continue to reward our customers for their loyalty with one million of our movie, sports and music offers taken up as part of our Thanks program.
'These are just a few examples of the changes we are making to improve our service for customers. We will be introducing further initiatives in the coming months to ensure our customers benefit from an experience supported by some of the most innovative tools, smart systems and advanced applications available.' he said.
Driving value from the core
'At Christmas we achieved a significant milestone, with our 4G network reaching 85 per cent coverage of the Australian population, including the upgrade of 1,500 mobile base stations to 4G in the past six months. We now have 3,500 4G mobile base stations across the country, giving us four times the 4G coverage area of any other company,' he said.
'There has been continued growth in fixed bundled plans, such as our popular Entertainer bundles, with the addition of 117,000 customers bringing the total number of customers on a bundle to 1.7 million,' he said.
Building new growth businesses
Network Applications and Services (NAS) recorded double digit revenue growth across most categories including Cloud, up 29 per cent,
International businesses grew revenue by 28 per cent to
'We are committed to acting in the best interests of our shareholders, and are focused on maintaining the value of the current agreements, achieving certainty of outcome as soon as reasonably possible and minimising any additional regulatory risk,' he said.
During the period
This guidance assumes wholesale product price stability, no impairments to investments, and excludes any proceeds on the sale of businesses (including proceeds and adjustments in relation to Sensis and CSL), the cost of acquisitions and spectrum purchases.
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