“We are very pleased,” chief executive Andy Penn said. The ASX statement was light on details and the full scale of the contract is not published online yet, but Telstra said it would roll out better wireless coverage for Defence and introduce new 5G technology where applicable. The contract is worth more than $1 billion, Telstra told the Australian Securities Exchange on Wednesday, and includes options for extensions up to another three years. Telstra has further embedded its relationship with the government on key national security issues, signing a five-year contract extension to provide telecommunications services for the Defence Department a week after buying Digicel Pacific with taxpayer money to block a Chinese state takeover. 3.50PM – Telstra cosies up to Defence with $1b contract
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