Telstra Aiming For 95% 5G Coverage By 2025
Telstra has outlined its plan to have 5G coverage across 95 per cent of Australia by the end of 2025, while also cutting half a billion dollars in net costs.
The plan is dubbed T25, and the $500 million in cost reductions are in addition to the $2.7 billion in cuts already in the current T22 strategy.
Telstra has also assured shareholders that it is confident of retaining a minimum 16c-per-share dividend until the end of 2025.
The company sold off a 49 per cent stake in its mobile towers business for $2.8 billion in July. It is continuing to diversify in a bid to transition from its fixed-line business.