Under the leadership of David Thodey, Australia's largest telco Telstra has embraced the new direction being taken by some of the more progressive players in the telecoms industry. This is based on a ubiquitous, robust, affordable infrastructure that can be used to lift telecommunications into the next stage, where the business opportunities will be considerably different from those of the past. This is the brave new world of internet media, of the Internet of Things, where a range of new industry sectors including healthcare, education, energy, commerce and media will take centre-stage. The helm at Telstra will be taken up by the company's current Chief Financial Officer and Group Executive International, Andrew Penn, in May 2015.
Telstra's transitional process clearly shows that it shares the vision that has been developed around the National Broadband Network (NBN). The company is also a leader in the industry putting its new approach into practice, with a focus on the customer, innovation and new business opportunities.
The internet has changed the focus of the industry, moving it from providing defined end-products to facilitating the development of a range of new products, companies, and industries.
Telstra and other telcos must now be able to embrace these emerging developments around the digital economy.
New CEO appointed for Telstra, effective May 2015; IoT, M2M, bandwidth, ARPU, e-health, tele-education, smart grids, analytics, iPhone, smartphone, OTT, m-payment, e-payment, smart cards, e-commerce, mobile broadband, trans-sector, infrastructure, wholesale, retail, Internet of Things.