Plenty of growth left in the mobile market: Telstra

By Supratim Adhikari

Telstra has long professed its eagerness to target growth in the Asian region and Mr Thodey was keen to point out the misconception in the market that Telstra’s a new entrant in the region. “We have been doing business in Asia for a very long time, we have more Points of Presence (PoP) in Asia than any other operator, it’s a question of taking a core capability and growing it,” Mr Thodey told media.

With most consumers and households carrying multiple mobile devices, Mr Thodey said that the advent of technology like smart meters, connected cars and machine-to-machine (M2M) holds enormous opportunity for Telstra. “There will be quarterly ups and downs in numbers but I just can’t see why mobile can’t be a good business going forward,” he said.

Telstra’s mobile revenue grew by 5. 1 per cent to $9. 7bn in the full year, aided by the addition of 937,000 new domestic retail mobile customer services. “The market is softening but the long term future is very strong,” Mr Thodey said.

Read more here: Business Spectator


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