Telstra Corporation Ltd - tls

About

Telstra (ASX: TLS) is one of the leading telecommunications companies in Australia while providing the users a slew of products in the communications sector. Operating out of Melbourne, Telstra has come a long way since its inception and has gradually laid down the roots to service individual consumers, businesses, and institutions. The services provided range from internet and network solutions to extensive data services. With more than 20 million retail mobile service and 3 million data service users (as of June 30, 2023), Telstra has consolidated itself as the primary provider of telecommunication services in Australia. Additionally, Telstra is determined to move upward and onwards with further plans to invest A$800 million towards upgrading their network infrastructure over the next four years. This comes on the back of a huge buy back program initiated upon the liquidation of Telstra’s position in Foxtel and a simultaneous commitment to efficiency through cost cutting measures including 9% reduction in workforce. The CEO, Vicki Brady, has led through a significant period of upgrading infrastructure and maintaining a market dominance over her tenure.