Telstra’s decision to scrap thousands of jobs and ditch its key current pricing model could see the price of its services go up, analysts say.
“This is occurring within a dynamic environment, with an evolving competitive landscape, rapid advances in technology, changing customer needs, and the ongoing inflationary pressures facing all businesses,” she said. “The change to mobile has some questioning whether the company will put prices up this year, especially given its have not done much.”In a statement posted to its website, Telstra said some prices would change in the future.
“Telstra has mentioned removing CPI indexation gives them more flexibility, so the market will be watching whether there will be future announcements made around price increases for the 2025 financial year.”Treasurer Jim Chalmers told reporters on Tuesday the federal government would contact the Australian Competition and Consumer Commission to monitor Telstra's pivot.