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Stock Market & Financial Investment News

News Breaks
January 10, 2014
06:11 EDTTLSYYTelstra fined $510K by ACMA, Daily Telegraph reports
Telstra has been fined $510,000 by the Australian Communications and Media Authority, or the ACMA, for failing to connect new landline customers on time, the Daily Telegraph reports. The ACMA says that the fine took into account that the 2012-2013 financial year involved "a number of extreme weather events" and Telstra had since made a "significant effort" to improve its performance. Reference Link
News For TLSYY From The Last 14 Days
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February 20, 2015
06:14 EDTTLSYYTelstra CEO David Thodey to retire, Andrew Penn named as new CEO
Andrew Penn will be the new CEO of Telstra, effective May 1, replacing David Thodey who has announced his retirement after almost six years as CEO. Telstra Chairman Catherine Livingstone announced that Penn, who is Telstraís CFO and Group Executive International, had been selected by the Board to be Telstraís next CEO. Thodey will continue to assist with Pennís transition from May 1 until the end of the financial year and remain available to the business until late August.

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