Telstra CEO David Thodey on Sunday told shareholders the Australian telecom firm would expand its VoIP offering beyond businesses to consumers.
"We will be taking it out to a broader consumer base. We've just got to pick the right time for that because it is just balancing the market trends and then just how we're responding to it," he told shareholders, according to a report by ZDNet.
Prior to launching VoIP for business customers last year, Telstra invested $600 million to upgrade 1,600 exchanges across Australia, according to the article
Telstra is also considering expanding VoIP to mobile phones, said Thodey, but said its first priority is to work on the VoIP pricing model: "Now the charging model is what we're working on at the moment and we'll come out with that in the next six months."
Andy Penn, the company's chief financial officer, told shareholders that the company had no plans to buy back shares. He said the company was investing reserve cash in its LTE 4G network.
"At the moment, our first decision has been to invest half a billion in extending our LTE network. Building on that when we can afford to do that is the right opportunity," Penn said.
