UPDATE 1-Australia's Telstra posts lowest profit since listing, flags $675 mln NBN hit

Australia's Telstra Corp posted its lowest annual profit since it went public in 1997 as its high-margin fixed line business shrunk and said the rollout of state-owned National Broadband Network will impact 2020 core earnings by up to A$1 billion ($674.90 million).

from Reuters: Technology, Media & Telecommunications https://ift.tt/303RCDB