It's so Greg can be the chief integrator, and as I call him, the chief plumber.
The recent deterioration in operating trends and our investment in transforming the business will see earnings fall in the near term.
Growth in our core business is solid, and our growth engines, related to wireless, data and Internet initiatives are truly accelerating in the most competitive spaces.
We're going to be reducing the full-time-equivalent head count between 6,000 and 8,000 over the next three years and between 10,000 and 12,000 over a five year period of time.
People will be able to access information and communication services on their terms. [This is] a new set of services that will finally make all these high-tech devices - PC, TV, telephone and fax machine - work together.
The financial trends at Telstra are not good. We've got a cost structure we can't afford.
The cost structure of this business is too high … end of story.
Broadband is at the centre of our strategy and at the centre of our future.