The CEO of Australia’s largest telco Telstra has called on the federal government and the telecommunication industry to invest more in cyber defences to counter ransomware and other online attacks. Andy Penn, who is also the chair of the Cyber Security Industry Advisory Committee, said Australia needed a whole-of-nation approach to online threats due…
Australian Telco Giant CEO Andrew Penn Announces Retirement
Andrew Penn, the chief executive officer (CEO) of Australian telecommunications giant Telstra, has announced his intention to retire after more than seven years in the role. Telstra Chairman John Mullen said Penn, who joined the company as CFO in 2012 and has been the CEO since 2015, would leave with a positive and enduring legacy….
Australia Blocks China With $1.6 Billion Takeover of South Pacific Telco
October 24, 2021
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Andy PennAsia & PacificAustraliaAustralia-China RelationsBusiness & EconomyChinaChina-Australia RelationsCompaniesDan TehanInternationalInternational RelationsMarise PayneSouth PacificTechTech NewsTelstraWorldZed Seselja
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The Australian federal government and major telecommunications firm Telstra have pulled the trigger on a US$1.6 billion (AU$2.1 billion) takeover of a dominant South Pacific mobile telecommunications business amid ongoing concerns Beijing could step in and deepen its foothold in the region. The government and Telstra announced its decision on Oct. 25 to acquire the…
Telstra Continues Job-Cutting With 1,400 Positions to Go
Telstra will start up its job-cutting program again after a year-long hiatus due to the onset of COVID-19. The retrenchment program aimed at saving the company AU$1 billion will remove 1,425 positions across the company as part of the telco’s T22 program. “As you all know, last year we put our T22 job reductions on…
Telstra Pledges to Bring Call Centres Back to Australia Within 18 Months
Telecommunications giant Telstra has pledged to bring its overseas call centres back to Australia within the next 18 months. A drop in customer call volume, and the prevalence of employees working from home, has allowed the country’s biggest telco to make the call. “We have reduced the volume of calls by eliminating a lot of…
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