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Thodey: Telstra On Track In Q1

Thodey: Telstra On Track In Q1Thodey provided the first quarter update in an investor day presentation today, reiterating the guidance delivered at last week’s annual general meeting and singling out the positive impact of the recent iPhone 6 launch.

“I am pleased to report that the positive business momentum we reported for last year has continued into the first quarter of this financial year,” he commented.

“The iPhone 6 launch was pleasing for us and our postpaid handheld ARPUs [average revenue per user] are continuing to improve.”

While overall in mobiles, market customer growth continues to moderate, with Telstra also seeing some deactivations in its prepaid subscriber base, Thodey noted “strong mobile revenue trends have continued”.

“Our fixed portfolio performance is consistent with last year, with continued growth in fixed data customers and the rate of decline in voice revenue,” he commented.

“Our NAS [network applications and services] pipeline continues to be healthy and NAS revenue growth remains strong.

“As I said at the AGM last week, there is no change to the FY15 guidance that we provided at our results announcement in August.”

Thodey singled out building new growth revenue and profit streams such as software opportunities like Ooyala/Videoplaza and Telstra’s e-Health business as a key focus area for the telco.

Telstra will also continue to build its media and IPTV business, using bundles to differentiate its fixed broadband offering, he stated.