Telstra Limited
(ASX:TLS) has laid out a vision for its future with plans to increase total capex investments in its mobile network to 15 per cent of sales for the next two years.
The telco’s CEO Andrew Penn made the comments as part of a CEDA event yesterday committing another half a billion dollars for mobiles.
Mr Penn says in total the company expects to invest more than $5 billion into Telstra’s leading mobile network over three years to mid 2017.
The rollout aims to increase the 4G footprint to 99 per cent of Australians, adding 750 new base stations as well as deploying next generation LTE technology.
Telstra reported a record net profit of $2.11 billion in the first half of the 2015 financial year.
