ABC.net.au
Telstra's chief executive says shareholders need to be patient while the company figures out how to capitalise on increased demand for new internet and mobile technologies.
At a speech in Sydney this afternoon David Thodey has been asked why Telstra shareholders should stay loyal to the company, as its share price stagnates.
Mr Thodey says there are some extremely good opportunities for Telstra and the broader telecommunications sector, which will ultimately benefit shareholders.
"I can't think of another industry that has the sort of demand that there is today," he said.
"Yes, there is a changing dynamic in our industry and in Telstra around fixed voice services, you know declining revenue, but that's no different to any other company that's got to manage its old legacy revenues and move into new ones. So I see incredible opportunity going forward."
The head of Telstra says he is also confident the company can deliver faster internet speeds and improved phone services even if the National Broadband Network is not built.
The Federal Government is currently negotiating with Telstra to get access to its infrastructure for the NBN.
But there is speculation Telstra is preparing an alternative plan to improve its own network if a deal is not reached.
David Thodey says Telstra is capable of responding to the needs of customers through its own networks.
"We think the best outcome for Australia, for Telstra, and for NBN is to come to a collaborative agreement," he said.
"We've repeatedly said that and always will see that and, irrespective of what happens, we'll be able to serve our customers' needs.
"Now, how [we do that] and some of the financial considerations around that will be more challenging, but we'll still be able to do it, there's no issue there."
Telstra shares ended the day 1 cent higher at $3.02, in a an overall market that slipped 1.9 per cent.
