FEAR & GREED | Business News Telstra overhaul; Tabcorp upsets pubs and clubs; 85pc Aussies have forever chemicals
May 27, 2025
Telstra is shaking things up with a major restructure aimed at embracing AI and taking control of infrastructure assets. Meanwhile, Tabcorp's new proposal has irked pub owners, creating tension in the industry. On a darker note, a staggering 85% of Australians may have harmful 'forever chemicals' in their system, raising serious health concerns. Plus, the political scene heats up with Jacqui Lambie's Senate victory and mounting tensions involving Donald Trump and the Kremlin.
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Telstra's Future 30 Strategy
- Telstra plans to transform into a connectivity and infrastructure-focused business by 2030.
- It aims for top 25% global AI maturity to meet growing demand for flexible, tailored network services.
Telstra's Infrastructure Ownership Play
- Owning infrastructure allows Telstra to set variable pricing based on customer needs.
- This strategy is a reversal of previous plans to separate and sell infrastructure assets.
Jackie Lambie's Senate Impact
- Senator Jackie Lambie retained her seat despite political uncertainty in Tasmania.
- Minor parties and independents like her are likely to hold reduced negotiating power this parliament.
