Telstra Corporation Limited (ASX:TLS) says it’s on track to achieve its guidance of low single digit percentage growth.
The chief executive believes the telco is making good progress to add customers, improve customer satisfaction, simplify the company and target growth opportunities in Asia, digital media and network-based applications and services.
Growth in mobile and broadband customer numbers will offset a higher than expected fall in revenue from its Sensis business.
Telstra also announced the consolidation of its media businesses into a single division to be known as Telstra Digital Media. $100 million will be invested over four years to upgrade its media infrastructure.
Telstra posted a net profit of $3.25 billion in the 2011 financial year.
