Telstra: Don't expect HFC NBN sales to resume before July

www.theregister.co.uk | 2/14/2018 | Staff
Click For Photo: https://regmedia.co.uk/2016/07/10/telstra_shutterstock.jpg?x=1200&y=794

Telstra has no inside information on when nbn™ will end its moratorium on new HFC conections.

CEO Andy Penn made that observation after presenting Telstra's latest half-year results. The most he was prepared to say was that "we would not expect any recommencement … in the current financial year."

CEO - Bill - Morrow - News - Nbn™

He said beyond what nbn™ CEO Bill Morrow has said, "I don't have any more news as to either where nbn™ are at in terms of the underlying root issues, or when they will update the market".

The halt on HFC sales is both a burden and a boom to Telstra: on the one hand, it slows down its sale of new NBN connections, since it can't convert existing HFC customers to retail customers. On the other hand those customers don't add to the costs it pays to nbn™ (access virtual circuits, connectivity virtual circuits, or the one-off payments to nbn™).

Points - Telstra - Performance - Half - Year

The high points of Telstra's performance for the first half of financial year 2017-2018 are as follows:

Income up 5.9 per cent to AU$14.5 billion;

Cent

Profit down 5.8 per cent to $1.7 billion.

Penn attributed some of the profitability decline to the customer migration to the National Broadband Network, but the company also took a hit when it recently wrote down its investment in video distribution platform Ooyala to zero.

Absent - Impairment - Profit - Cent

Absent that impairment, net profit would have been up 9.5 per cent to $2 billion for the half-year.

The company reported 454,000 new NBN connections, and 57,000 of those took a bundle of services.

Customer - Dissatisfaction - NBN - Country - Penn

Regarding general customer dissatisfaction with the NBN around the country, Penn said "there is no doubt that the rollout … is having an impact on customer satisfaction across the country.

"The ACCC's recent decision to regulate wholesale service standards will help," he said.

ACCC - Intervention - Telstra - Backhaul - Purchases

Since the ACCC's intervention, Telstra has expanded its backhaul purchases to a level where Penn...
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