Telstra Financial News

11.10 / 03:53

Provident Amazon Software Experts Telstra services Done deal: Telstra buys cloud services biz Versent for $268m

Listed telco Telstra has agreed terms to buy cloud services business Versent for $267.5 million, afterseeing off rival bidder Japan’s NTT as flagged by Street Talk on Monday.

19.10 / 01:31

Aviat Airlines Telstra information 2020 reports recommendations Proxy firm tells Qantas investors to vote against Sampson

Proxy adviser Ownership Matters says Qantas shareholders should vote against the re-election of Todd Sampson to the airline’s board, and hold him accountable for brand and reputation issues.

17.10 / 01:03

UPS Mullen Telstra voice recommendations New Telstra director Maxine Brenner hit with 17pc protest vote

New Telstra director Maxine Brenner has been hit with a 17 per cent vote against her election to the telecommunications group’s board after one proxy firm raised concerns over how she has handled corporate governance issues while on the board of Qantas.

16.10 / 05:31

Airlines PwC pandemic Telstra Department New Telstra director Maxine Brenner to be pressed on Qantas at AGM

Telstra shareholders will press new director Maxine Brenner to explain how she handled corporate governance issues while on Qantas’ board as she stands for election at the telecommunications group’s annual general meeting on Tuesday.

15.10 / 06:49

UPS Provident Microsoft Software Telstra voice Telcos battle for internet calling provider

For some time, small internet providers such as Aussie Broadband and Superloop have been nipping at the heels of Australia’s biggest telecommunications groups, stealing away some of the customers who stream Netflix and log onto Zoom calls from home.

11.10 / 03:53

UPS Provident Digital Enterprise Telstra reports services Telstra seals $267m Versent deal to boost digital services

Telstra plans to use its $267.5 million purchase of cloud computing specialist Versent to sell more services to international corporate and government customers as Australia’s biggest telco strengthens its digital services.

10.10 / 23:17

COST UPS Bill Telstra cover How Vinnies cracked rooftop solar’s landlord problem

At Vinnies’ Dandenong South warehouse, 230 solar panels have slashed the non-profit’s power bill from $1800 a month to $300. The big saving came via a series of deals brokered by AGL Energy with the charity’s landlords.

09.10 / 08:59

UPS Provident Amazon Software Telstra Versent deal: NTT bows out, Telstra in pole position

Telstra is well-placed to land up-for-grabs cybersecurity play Versent.

05.10 / 02:23

UPS Action Airlines pandemic Telstra reports recommendations Proxy advisor urges vote against Telstra director over links to Qantas

Telstra’s investors should vote against the re-election of Maxine Brenner to the telecommunication group’s board because of “material failures” in her oversight at Qantas, an influential proxy advisory firm has told clients.

28.09 / 19:03

COST PwC Telstra information gossips Lost Australian No Australian tax revenue lost in PwC leaks scandal: lawyers

Legal inquiries into PwC Australia’s tax leaks scandal have concluded that it did not lead to a “reduction in tax revenues for Australia”.

27.09 / 02:45

Target CEO PwC Telstra 2020 reports What the report into PwC found about its ‘shadow culture’

The report by former Telstra chief Ziggy Switkowski into the PwC leaks scandal identified a “shadow culture”, which was one consequence of its drive to be the biggest of the big four with the best-paid partners. Here are some key quotes from the report released on Wednesday.

27.09 / 02:45

CEO PwC Telstra gossips reports recommendations ‘Shadow’ culture of profit first blamed for PwC tax leaks scandal

A scathing report into PwC Australia has blamed a “shadow” culture which tolerated bad behaviour in the pursuit of profit “growth at all costs” and lack of governance that “went unexamined and uncorrected for many years” that led to the firm’s tax leaks scandal.

26.09 / 14:09

UPS CEO Action PwC Telstra gossips reports PwC hopes outsiders will cure ‘shadow culture’

PwC Australia will add three independent directors to its board and publish audited accounts, a first for the big four, in a bid to cure a “shadow culture” uncovered by Ziggy Switkowski’s report into the tax leaks scandal.

26.09 / 08:45

Action PwC Telstra information gossips reports Ex-PwC partners ‘given no chance to respond’ to tax leaks reports

Former partners interviewed by external lawyers investigating PwC Australia’s tax leaks scandal complain they have not been directly asked to respond to any allegations they might be subject to when the firm releases its response to the scandal on Wednesday.

21.09 / 09:03

UPS Bill Telstra reports end Dividend disrupter aims to end the $9b wait

More than $9 billion of dividends from Australia’s two biggest companies are in a state of suspended animation until late next week, and Sam Wetzler reckons that’s a big opportunity.

14.09 / 09:45

UPS Provident Merit PwC Telstra end PwC to end ‘job for the boys’ leadership appointments

PwC Australia aims to end a “jobs for the boys” culture among its leaders and has headhunters searching for its first-ever independent board members before the release of a report into the governance-related failures that led to the firm’s tax leaks scandal.

10.09 / 05:03

Provident Software UBS Telstra Meet Telstra’s advisory line-up for Versent tilt

There was no rest for Telstra’s bankers this weekend as they bunkered down to finalise a bid for Versent, the loss-making cybersecurity play on the market via Goldman Sachs.

07.09 / 19:45

UPS Provident Strategy Telstra show Slash NSW’s $108b TCorp faces shake-up under plan to slash debt

The NSW government’s $108 billion investment manager is facing a shake-up, as Treasurer Daniel Mookhey orders a consolidation of its funds as part of a strategy to slash the state’s debt bill.

07.09 / 10:27

UPS Provident FIVE Strategy Telstra services Telstra leans into IT services; prepares binding offer for Versent

There’s been no lack of appetite from Telstra for security-flavoured assets. The country’s largest telco was the underbidder in the Azure Capital-run sales process for Tesserent, the ASX-listed cybersecurity company snapped up by French defence giant Thales in June. And it has been sniffing around BGH Capital’s CyberCX, Tesserent’s larger rival.

05.09 / 23:28

UPS Target Booking CEO Telstra exclusive TPG Telecom, Vocus talk DD extension for $6.3b fibre bid

TPG Telecom’s investors will have to wait a little longer to learn the fate of Vocus Group’s $6.3 billion bid to carve out its non-mobile fibre assets, which was revealed by Street Talk on August 1.

31.08 / 14:25

Career UBS Telstra Jefferies pinches new capital markets chairman from Morgan Stanley

Jefferies Australia has poached Morgan Stanley managing director and global capital markets boss, Mark Burmeister.

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