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Telstra could cut $100 million upgrade
12 Jul 2012 - Telstra Corporation Limited (ASX:TLS) could reportedly cut its planned $100 million upgrade of its media infrastructure.
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Telstra Corporation Limited (ASX:TLS) could reportedly cut its planned $100 million upgrade of its media infrastructure.

According to News Limited, Australia’s largest telco plans to shelve the spend on new video delivery and media infrastructure assets, despite having already spent part of the funds on building its digital video network.

Telstra’s head of media Rick Ellis has reportedly said the strategy is currently up for review.

In the first half of the 2012 financial year Telstra reported a net profit of $1.5 billion.

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