Telstra Attracts Tens of Thousands of New Users After Optus Outage.

Telstra, Australia's largest telecommunications company, has attracted tens of thousands of new users from its rival Optus after an hours-long network outage at Optus. Telstra reported a 3.8% growth in sales and a 12% increase in net profit for the first half of the year. The company has increased its interim dividend by 6% to 9¢ per share. Despite the growth in sales and profit, Telstra has lowered its operating earnings forecast for the year due to weak performance in its network applications and services segment.

February 14, 2024
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