HomeMailNewsSportFinanceCelebrityStyleWeatherAnswersFlickrMobileYahooSearchMailAFP16 February 2017Australia's dominant telecommunications company Telstra Thursday reported a surprise slump in first-half profit with its fixed-line and mobile businesses taking a hit amid increased competition and a shift towards digital.Net (LSE: 0LN0.L - news) profit after tax for the six months to December 31 fell 14.4 percent to Aus$1.79 billion (US$1.38 billion) from the previous corresponding period.The figure sent Telstra's share price tumbling 4.43 percent to Aus$4.96 in mid-day trade in Sydney."It's a weak result... you've got revenue and underlying profit all missing (market expectations) by a decent chunk," IG Markets chief strategist Chris Weston told AFP."The implied volatility in a stock like Telstra is so low that this is as big a miss you are going to get."Revenue for fixed-line services dropped by 4.7 percent and by 8.7 percent for mobile services for the period. Overall sales revenue dipped by 3.4 percent to Aus$12.79 billion.
The company declared an interim dividend of 15.5 Aus cents.Chief (Taiwan OTC: 3345.TWO - news) executive Andrew Penn said Telstra had "performed well in a highly competitive market"."Data volumes have increased and intense competition on pricing across fixed, bundles, mobile, data and IP has had an impact."Those are in parallel with the acceleration of the rollout of (the National Broadband Network) which, over the longer term, will have a negative impact on EBITDA (earnings before interest, taxes, depreciation and amortisation) of Aus$2-3 billion."The NBN, or national broadband network, aims to connect most Australian homes to superfast Internet over the next few years, replacing Telstra's existing copper network.What to read nextpartnersCookiesAustralia's largest mobile carrier today announced that it would give away a free 12-month trial of Apple Music with a 12 or 24 month Go Mobile plan on iPhone 6 or 6 Plus. The deal marks the first time the new music service will be given away with a mobile plan.
Additionally, the carrier's notes on the promotion indicate that the service will use carrier billing. When users sign up and agree to the terms and conditions Apple Music's payment will be paid via the Telstra rather than Apple directly. This means that users have to renew or cancel their trial through their carrier bill. Last week, T-Mobile announced that it would add Apple Music to its Music Unlimited service, allowing Simple Choice customers to listen to the streaming music service without the cellular data counting against their 4G LTE data plan. Unlike the Telstra deal, users are not given a free trial to the service by T-Mobile.Tags: Apple Music, Telstra Updated models with AMD graphics options expected in early 2017. iPad Pro Early 2017? New ~10.5-inch model with nearly bezel-free design rumored. Faster Kaby Lake processors and up to 16 GB of RAM expected in second quarter 2017. iPhone 8 (2017) Fall 2017 WWDC 2017 June 5–9 Apple Seeds Fourth Beta of iOS 10.3 to Developers
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• 10.5-Inch and 12.9-Inch iPads May Not Ship Until May or June • Apple Says iOS 10.2.1 Update Has Significantly Reduced Unexpected iPhone 6 and 6s Shutdowns [Updated] • Harman Could Bring Wireless CarPlay to Audi, VW, Mercedes-Benz, Chrysler, and Other Automakers • iPhone 8 With Longer Battery Life Said to Entice Those With Older iPhones to Upgrade • Apple Expanding Seattle Hub Working on AI and Machine Learning • Apple Has at Least Five Different Groups Working on Wireless Charging Ahead of iPhone 8 • New iPhone Patent Suggests Touch ID May Live on in a Different FormA Sydney man has received the shock of his life, after paying his $225 Telstra phone bill, only to be emailed a receipt thanking him for paying more than $2 million.Calumn Mawson received an automatic email from Telstra after he payed his most recent bill, confirming his payment of $2,250,623.00.Mr Mawson said he was in complete shock when it happened, and 'almost fell over,' 7News reported.
Calum Mawson (pictured) said he was in complete shock when he saw the email receipt of $2 million'I was actually in shock for a second, I don't even think I've ever seen that amount of money,' Mr Mawson said. However, when he took an Uber the next day he found out his problems weren't over.The fare direct debit had been rejected because his Commonwealth Bank account was also overdrawn by millions. Mr Mawson paid his $225 Telstra phone bill and was shocked to receive a receipt for $2,250,623.00Mr Mawson said: 'I called Commonwealth Bank and they were just as shocked as well, they didn't know what to do.'He said staff at the bank were surprised that such a multi million dollar error could happen.Telstra said they were working to resolve the issue and say it should be fixed by Monday.'We are sorry the customer has had experience this but it appears from our initial enquiries that the customer accidently entered the wrong amount when making a payment and this is the result of user error,' a Telstra spokesman said.'Obviously the customer will not be paying that amount and we will work with him and his financial institution to resolve the issue.'