Australia: Telstra to create infraco
Telstra has announced the creation of a standalone infrastructure business as part as the company’s new restructuring strategy. The plan, named “Telstra2022”, aims to simplify its operations, cut the company’s workforce and reduce its cost base.
Effective on July 1, Telstra infraco incorporated the operator’s fixed network infrastructure including data centres, domestic fibre (excluding anything mobile-related), copper, HFC, international subsea cables, exchanges, poles, ducts and pipes. All services will be sold back to Telstra, as well as wholesale customers and NBN Co.
Telstra’s CEO Andrew Penn highlighted that the new unit provides more flexibility and transparency in the management of Telstra’s underlying infrastructure and reinforces the discipline with which capital allocation occurs across the group.