Posted inAustralia, Oceania

Australian telecom giant Telstra to split in two

Australia’s largest telecommunications firm Telstra has announced plans to split in two, separating its infrastructure and mobile divisions. The group’s fixed-line assets will be put into a wholly-owned subsidiary called InfraCo. Chief executive Andy Penn said the telecom giant plans to shed about 8,000 jobs – a quarter of its workforce – over the next […]