(MENAFN) Telstra Corporation Limited, Australia's largest telecommunications and media company, is set to invest USD500 million in its network to boost competition and sustain its dominance over the market, The financial review reported.
Moreover, the company is set to increase its capital expenditure investments to 15 percent, from 14 percent, of sales for the upcoming two years, according to its Chief Executive.
Telstra's core businesses involve building and operating telecommunications networks and markets voice, mobile, internet access, pay television and other entertainment products and services.
"During my time as chief executive I am committed to make sure we have the best networks in Australia with the broadest coverage," the Chief Executive added.
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