The big result | There’s a little bit of Commonwealth Bank in the strategic shift announced by Telstra on Thursday, which will see the telco prioritise capital investment in its mobile business, by pumping another $800 million into the latest hardware and software under a new deal with Ericsson.
Like CBA, Telstra is the dominant player in the Australian market, and in the December half it grew its total mobile handset customers by another 2.45 per cent to 14.6 million. But like CBA boss Matt Comyn, CEO Vicki Brady wants to hammer home her leadership through investment in technology; the new Ericsson kit will make Telstra’s 5G network faster, more efficient and more reliable.
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