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Telecom, Vodafone, Telstra partner on trans-Tasman cable

2013-02-19 09:37:00| Telecompaper Headlines

(Telecompaper) Telecom New Zealand, Vodafone and Telstra announced a non-binding memorandum of understanding to co-invest in the construction of a new submarine cable between Auckland and Sydney. The new cable, tentatively titled the Tasman Global Access (TGA) Cable, is expected to boost New Zealand's international connectivity as well as strengthen links into Asian markets. The total cost of the TGA cable is expected to be less than USD 60 million. The cable will incorporate three fibre pairs with a design capacity of 30Tbps, approximately 300 times the current internet data demand out of New Zealand. The TGA partners expect to finalise the design within the next few months, with a likely completion date of mid to late 2014. New Zealand already has four cable links to Australia, but local operators said they are seeing a rise in traffic from Australia as more businesses establish servers in New Zealand. The new link will also give New Zealand greater redundancy and access to Asutralia's stronger international connectivity onwards to the US and Asia.

Tags: partner cable telecom vodafone

Telstra lifts H1 profit to $1.6b

2013-02-07 03:43:06| Telecom - Topix.net

The telco giant on Thursday said its net profit rose to $1.597 billion in the six months to December 31, from $1.468 billion in the previous corresponding period.

Tags: profit lifts 16b telstra

Telstra grows H1 profit 8.8% to AUD 1.6 bln

2013-02-07 02:10:00| Telecompaper Headlines

(Telecompaper) Telstra saw its net profit for the first half ended 31 December 2012 rise 8.8 percent to AUD 1.6 billion from AUD 1.5 billion a year earlier. Total revenues grew 1.7 percent to AUD 12.7 billion from AUD 12.5 billion a year earlier, as mobile, NAS, and international revenue growth offset declines in fixed, media, and data and IP revenues. EBITDA went up 5 percent to AUD 5 billion, which included the AUD 130 million impairment for TelstraClear which was related to the loss on foreign exchange over the period the company held the asset. Free cashflow totalled AUD 2.16 billion, up 20.1 percent. Telstra ended the period with 6.7 million retail fixed-line customers, down by 178,000, and the number of retail broadband customers grew by 85,000 to 2.7 million. The mobile base went up by 607,000 new customers in the period to 14.4 million. Capex in the six month period was up 10.2 percent to AUD 1.89 billion. Telstra also announced a AUD 0.14 fully franked interim dividend. The company confirms fiscal 2013 guidance of low single digit total income and EBITDA growth, with free cashflow of between AUD 4.75 billion and AUD 5.25 billion. Telstra expects capital expenditure to be around 15 percent of sales.

Tags: profit grows aud telstra

Telstra Half Year ended 31 December 2012

2013-02-07 02:00:38| Digital TV News

Telstra has released Financial Results for the Half Year ended 31 December 2012. TV revenue grew by 0.9% to $333 million, driven primarily by IPTV Content. Cable revenue increased by 5.2% to $61 milllion. The FOXTEL subscriber base was up 1.7% in the period to just under 2.3m.

Tags: year december half ended