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 Telstra Corporate Centre in Melbourne | |
| Telstra | |
| Formerly | List
|
| Company type | Public |
| |
| Industry | Telecommunications |
| Founded | 1 July 1975[1] |
| Headquarters | Telstra Corporate Centre Melbourne, Australia |
Area served | Australia Worldwide (selected products) |
Key people | Vicki Brady (CEO) Michael Ackland (CFO) John Mullen (Chairman) |
| Products | Fixed line and mobile telephony, Internet, data services, network services, and pay TV |
| Brands | Belong |
| Revenue |  A$23.25 billion (2023) |
| A$3.392 billion (2023) | |
| A$2.051 billion (2023) | |
| Total assets | A$45.03 billion (2023) |
| Total equity |  A$15.41 billion (2023) |
Number of employees | c. 31,000 (2023) |
| Subsidiaries | 150 subsidiaries Foxtel (35%) Amplitel (51%) |
| ASNs | |
| Website | telstra |
| Footnotes / references Financials as of 30 June 2023[update][2] | |
Telstra Group Limited is an Australian telecommunications company that builds and operates telecommunications networks and markets related products and services. It is a member of the S&P/ASX 20 and Australia's largest telecommunications company by market share.[3]
Telstra has a long history in Australia, originating together with Australia Post as the Postmaster-General's Department upon federation in 1901. Telstra had transitioned from a state-owned enterprise to a fully privatised company by 2006.[4]
History
Australia's telecommunications services were originally controlled by the Postmaster-General's Department (PMG),[5] formed in 1901 as a result of Australian Federation. Prior to 1901, telecommunications were administered by each colony. On 1 July 1975, separate commissions were established by statute to replace the PMG. Responsibility for postal services was transferred to the Australian Postal Commission (Australia Post). The Australian Telecommunications Commission (ATC), trading as Telecom Australia, ran domestic telecommunication services.
In 1989, the ATC introduced new buildings and frameworks.
In 1993, the Overseas Telecommunications Commission, a separate government body established in 1946, was merged with the Australian Telecommunications Corporation into the short-lived Australian and Overseas Telecommunications Corporation (AOTC) which continued trading under the established identities of Telecom and OTC. The AOTC was renamed to Telstra Corporation Limited in 1993. The name "Telstra" is derived from the word Telecom Australia ("Tel" from Telecom and "stra" from Australia). The corporation then traded under the "Telstra" brand internationally and "Telecom Australia" domestically until uniform branding of "Telstra" was introduced throughout the entire organisation in 1995, following an unsuccessful attempt to register the trademark "Telecom Australia".
Telstra has faced competition since the early 1990s from Optus (Australia's second largest communication company) and a number of smaller providers. Telstra once retained ownership of the fixed-line telephone network, but since the nationwide upgrade to the National Broadband Network (NBN), the Australian Government now has legal ownership of these lines since 2007, though Telstra has played a big part in this upgrade supplying resources to the Government on the new network.[citation needed] Telstra also has pay TV and owns 35% of the Australian media company Foxtel.[6]
Overseas Telecommunications Commission
The Overseas Telecommunications Commission (OTC) was established by an Act of Parliament in August 1946.[7] It inherited facilities and resources from Amalgamated Wireless Australasia Limited (AWA) and Cable & Wireless, and was charged with responsibility for all international telecommunications services into, through and out of Australia.[8]
On 1 February 1992, it was merged with Australia's domestic telecommunications carrier, the Australian Telecommunications Corporation Limited ("Telecom"), to create the Australian and Overseas Telecommunications Corporation Limited (AOTC). The new organisation underwent a corporate identity review and was subsequently renamed Telstra Corporation Limited ("Telstra") for international business in 1993 and domestic business in 1995.[5]
Privatisation
Beginning in 1997 and finalizing in 2011, the federal government began to privatise the corporation. The first three stages were initiated by the Liberal–National Coalition's Howard government: the first, informally known as "T1" (with shares priced at $3.30), occurred in 1997. "T2" ($7.40) followed in 1999; "T3" ($3.60) in 2006.[5][9] In T1, the government sold one third of its shares in Telstra for A$14 billion and publicly listed the company on the Australian Stock Exchange.[9] In 1998, a further 16% of Telstra shares were sold to the public, leaving the Australian government with 51% ownership. In 2006, T3 was announced by the government and was the largest of the three public releases, reducing the government's ownership of Telstra to 17%.[10] The 17% remainder of Telstra was placed in Australia's Future Fund, a sovereign wealth fund established mainly to meet future liabilities for payment of superannuation to retired federal public servants.[11] In 2009, the Future Fund sold off another $2.4 billion worth of shares, reducing the government's stake in Telstra to 10.9%.[12] In August 2011, under Labor's Gillard government, the Future Fund sold its remaining "above market weight" Telstra shares, reducing its holding to 0.8% of the shares, effectively completing Telstra's privatisation.[13]
With more than one million shareholders, Telstra is currently the most widely held ASX-listed company.[14]
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National Broadband Network
On 26 November 2008, Telstra submitted a non-complying tender issued by the federal government to build a National Broadband Network, a 12-page letter proposing a $5 billion broadband network covering between 80 and 90 percent of the Australian population in major cities, despite the tender requiring 98 percent coverage.[15][16]
As a result, Telstra was removed from the National Broadband Network RFP process on 15 December 2008.[17] In response, Telstra announced that it would raise speeds on its existing Next G network and HFC "cable" network so that they both offer higher speeds than the RFP for the NBN requires.[18] Following Telstra's exclusion from the National Broadband Network bidding process Telstra's share price suffered the biggest one-day percentage fall in its history.[19]
NBN Co Limited signed a definitive agreement with Telstra on 23 June 2011, estimated to be worth A$9 billion post-tax net present value,[20] building upon the signing of a financial heads of agreement a year beforehand.[21] Telstra agreed to "disconnect"[22] its Internet customers from the copper and hybrid fibre-coaxial networks in areas where FTTP has been installed, and agreed to lease dark fibre, exchange space and ducts to NBN Co. As part of the agreement, Telstra would not be able to market their mobile network as an alternative to the NBN for a number of years.[20] Telstra remains the owner of its networks.[23] On 18 October 2011, Telstra shareholders overwhelmingly approved the deal.[24]
On 14 December 2014 it was announced that in a A$11b renegotiated deal Telstra will transfer ownership of its copper and hybrid fibre-coaxial (HFC) networks to NBN while disconnecting premises from these networks. This ownership allows NBN Co to use these networks "where it sees fit in for its multi-technology NBN rollout."[25]
David Thodey era (2010–2015)
Under the leadership of David Thodey, Telstra embarked upon a transformation agenda to become more sales and service focused. As part of that, an ambitious customer service agenda was defined.[26]
In 2014, Telstra was named "most respected company" by the Australian Financial Review newspaper.[27]
Early in 2010, Telstra announced the creation of a $1 billion "fighting fund" to be used in a concerted effort to win back market share in key product categories. This effort seems to have paid off with strong sales momentum announced in February 2011.[28]
Customer service recovery
As part of its new strategy, Telstra announced that its "goal is for customer service to be fundamental to everything we do".[29] In August 2011, Telstra Digital announced expansion of customer service into social media with 24/7 coverage.[30] By November 2012, Telstra claimed 140,000 live chats for the month and a growth rate of this service of 600% p.a.[31] In October 2013, Telstra announced that it had grown its Live Chat workforce to 600 and its social media workforce to 30.[32] Customer Service became a pillar of the corporation’s social responsibility ethos according to Telstra’s head of social services Gerard Devan and the Telstra foundation.
The following table shows total complaints handled by the Telecommunications Industry Ombudsman (TIO) 2010–2015, and of those, the ones made against Telstra.
| Year | Total complaints | Complaints about Telstra | Percentage of all complaints | Source |
|---|---|---|---|---|
| 2010 | 167,772 | 78,611 | 47% | [33] |
| 2011 | 197,682 | 78,949 | 40% | [34] |
| 2012 | 193,702 | 69,991 | 36% | [35] |
| 2013 | 158,652 | 57,298 | 36% | [36] |
| 2014 | 138,946 | 58,009 | 42% | [37] |
| 2015 | 124,417 | 55,529 | 45% | [38] |
Telstra Digital
In February 2011, Telstra announced the formation of Telstra Digital under the leadership of Gerd Schenkel who was hired from National Australia Bank/UBank.[39][40][41] Telstra Digital's initial purpose was to improve the use of digital channels for customer service. In April 2011, Telstra Digital relaunched its web homepage design.[42] In July 2011, Telstra Digital launched "CrowdSupport", an online forum to crowd source customer service.[43] As of July 2017, Telstra's "CrowdSupport" had 463,000 posts.[44] It was also cited as an example of "scaling at the edge" by Deloitte's Centre for the Edge.[45]
In September 2011, Telstra Digital launched a new account services portal to help achieve its goal of managing 35% of Telstra's transactions.[46] In October 2011, Telstra Digital announced a new mobile smartphone optimised version of its website.[47] In November 2011, Telstra Digital launched an iPhone app on a trial basis[48] as well as a new online mobile phone shop.[49] In July 2012, Telstra Digital launched smartphone and Facebook apps for customers to manage their Telstra accounts[50] and in November 2012, Telstra claimed that over 700,000 customers had downloaded those apps.[51][non-primary source needed][non-primary source needed] In August 2013, Telstra revealed that the apps reached 2.5 million downloads.[52]
At a results announcement, CEO David Thodey remarked that "the group's new online strategy was delivering" in the context of a 28% reduction of inbound service calls.[53] Telstra estimated that its digital program will provide productivity benefits of $100 million in the 2013 financial year from lower printing costs, decreasing commissions to third parties, and reduced dependence on call centre staff.[54]
In October 2012, Telstra's CEO David Thodey stated, "The rise of online and social media had 'fundamentally changed the way' which the company communicated with its customers".[55] In a 2015 Deloitte report, Telstra disclosed that its "CrowdSupport" service community had generated 200,000 pieces of user-generated content.[56] In August 2016, Telstra disclosed that "more than 60%" of visitors to "CrowdSupport" manage to find an answer on the community.[57]
In February 2013, Telstra introduced the ability to pay its bills via PayPal.[58] And in June 2013, Telstra launched a new website, including the ability for customers to link their online accounts to their Facebook identity.[59][60]
In March 2014, Telstra announced a new digital development program called "Digital First" with a stated aim to conduct 65 to 70 percent of its transactions online.[61] Telstra published a white paper sharing some key metrics of its digital program:[62]
| Metric | 2011 | 2013 | 2015 | June 2015 | June 2016 | August 2016 |
|---|---|---|---|---|---|---|
| Digital service transactions share | 26% | 44% | 50% | 52%[63] | 56%[63] | |
| Digital customer contacts per month | 10m | 23m | 33m (monthly average) | Not disclosed | 48m (grossed up from weekly)[64] | |
| MyAccount users | 0.5m | 2.6m | Not disclosed | Not disclosed | Zdroj:https://en.wikipedia.org?pojem=NextG