Telstra to take on TPG with Belong mobile launch
![Telstra chief executive Andy Penn.](http://web.archive.org./web/20170817060427/http://www.afr.com/content/dam/images/g/q/q/x/o/e/image.related.afrIndexLead.320x210.gxyfkb.png/1502949529798.jpg)
Telstra is moving to head off the entry of David Teoh's TPG Telecom ultra-competitive $8 billion mobile landscape with the launch of its own low-cost mobile.
Telstra is moving to head off the entry of David Teoh's TPG Telecom ultra-competitive $8 billion mobile landscape with the launch of its own low-cost mobile.
Vocus Group has booked more than $1.5 billion in write-downs.
Telstra has slashed its dividend for the current financial year as it looks to take on the earnings headwinds presented by the NBN and transform its business.
It's down to the short strokes as Vocus Group's two private equity bidders return to their investment committees and see whether they can make the mooted $3.3 billion takeover stack up.
NBN chief executive Bill Morrow says the government-owned company needs to lift its game on end-user experience.
Optus chief executive Allen Lew has credited growth in mobile and broadband subscribers to a $1.8 billion investment in its network and content such as the English Premier League.
Subscription video on-demand services such as Netflix and Stan will leapfrog pay television like Foxtel in 2018 according to a fresh study.
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The average amount of data downloaded each month by its customers had increased from 3.2 gigabytes to 4.8 gigabytes over the past year.
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