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TLS - Telstra News Story

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Sector
Telecoms
Size
Large Cap
Market Cap £22.48bn
Enterprise Value £32.29bn
Revenue £12.39bn
Position in Universe 16th / 1911

Australia's Telstra shareholders vote against exec pay

Tue 16th October, 2018 7:23am
Oct 16 (Reuters) - Telecommunications provider Telstra
Corporation  TLS.AX  said on Tuesday that its shareholders had
voted against its remuneration report at its annual general
meeting for 2018.
    Almost 62 percent of shareholders voted against the
remuneration report for the year ended June 2018, the company
said.
    The company apologised to shareholders last week to head off
a vote against executive pay. It has already cut executives'
bonuses by a nearly a third.  urn:newsml:reuters.com:*:nL4N1WR060
    Telstra's chairman told the meeting the firm's profit was
expected halve upon the government-owned National Broadband
Network's scheduled rollout in 2021. The company had cut its
final dividend by about a third in August. urn:newsml:reuters.com:*:nL3N1WV5RC
   

 (Reporting by Ambar Warrick in Bengaluru; Editing by Stephen
Coates)
 ((Ambar.Warrick@thomsonreuters.com; +91-80-6749-6625; Reuters
Messaging: ambar.warrick.thomsonreuters.com@reuters.net))
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