Telstra's results show how a big chunk of its business is getting demolished as old-school phones disappear

Telstras overall fixed line revenue the money that comes from providing services over traditional phone lines to homes and offices fell by 9.2% to $5.81 billion in 2018.
Fixed voice, a component of fixed line revenue which involves traditional phone services, declined even faster, down more than 15% to $2.64 billion.
The drop is a symptom of the nbn roll-out.
In response, the telco has accelerated its restructure and cost-cutting.

Telstras revenue is shrinking, squeezed by increasing competition and by the roll-out of the nbn eating into its fixed line business.

Australias biggest telco, saying it faces times of enormous challenge and change, today reported a 8.9% fall to $3.53 billion in full year pro…

Telstra’s results show how a big chunk of its business is getting demolished as old-school phones disappear – Business Insider Australia