Sol to cut Telstra’s costs

11 Jul 2005

Telstra’s new CEO Sol Trujillo has revealed plans to cut costs within the company, and has appointed external consultants Bain & Co to review costs. Telstra is struggling to maintain profit margins as customers switch to mobile phones and VoIP services.

Meanwhile, Telstra customers calling friends and family in the UK over the London bombings last week have been offered rebates for their calls.

Australia, Telstra (incl. Belong)