Friday 24th January 2025

Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.

Telcos, like Telstra and Optus, have been forced to change a lot over recent years. Their traditional revenues – providing phone calls and text messages – are disappearing, replaced by data access. But even that faces pressures, as people’s data demands increase at a faster rate than their willingness to pay.

Luke Coleman, the newly appointed CEO of the industry body The Communications Alliance describes to Phil how telcos are changing. The major online providers, like Google, Microsoft, Meta and Amazon, need an increasing amount of resilient, reliable data storage and processing power. Telcos have an increasing role in providing these centres, or, at the very least, the high speed fibre connections between these centres. As Luke explains, it’s growing, it has to stay on-shore, and continues to provide an opportunity for Australian investors.

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