Telstra Sees Low Growth Ahead

Telstra, Australia's largest telecoms company, said it now expects its revenue to grow in the low single digits in the year to June 30, 2010, after growing 3% on a like-for-like basis in the previous year to 25.51 billion Australian dollars (21.44 billion US dollars).

Telstra said that its wireless broadband revenue grew 69% to 587 million Australian dollars, with customer numbers almost doubling to more than one million, in the year to the end of June 2009. source: Telstra statement