Telstra is taking the next steps in its proposed corporate restructure with the telecommunications giant set to split into four branches under the new holding company, Telstra Group. The process is part of Telstra’s T22 strategy—a strategy started in 2018 to simplify operations and reduce costs by 2022.
Telstra CEO Andrew Penn said in a market release (pdf) on March 22 that the new legal structure would be an important milestone in the T22 plan.
