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Telstra needs T22 to fire on all cylinders – Sydney Morning Herald

Telstra boss Andrew Penn needs to get his “T22” overhaul plan back into full gear as quickly as possible to make sure investors aren’t left out in the cold.

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“We will have to make these hard decisions, we have to come back to them because this is about getting the right balance between supporting our people, our customers and delivering for our shareholders,” Penn says.
Difficult as these steps might be, and Penn isn’t the sort of CEO who shies away from making hard calls, they are crucial for Telstra to be in a position where it can keep paying the 16¢ dividend.
Apart from the cost-cutting, Telstra’s bid to become a leaner, fitter organisation rel…

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