Telstra’s Connected Future 30: Transforming Australia’s Digital Landscape with AI and Advanced Connectivity

Leading Australia’s Digital Evolution

Telstra has announced its strategic vision for the next five years through its Connected Future 30 initiative, responding to the growing demand for data and connectivity in an evolving technological landscape that will look markedly different by 2030.

Strategic Transformation and Innovation

In a significant move, Telstra has partnered with Accenture in a joint venture to accelerate its data and AI roadmap, enhance network leadership, and improve customer experience. The collaboration brings together specialists from both companies to create a world-class data and AI ecosystem.

The company is implementing an ambitious network upgrade plan, including enhancing its subsea cable infrastructure to achieve over 800 Tbps of total lit capacity. This expansion aims to meet increasing bandwidth consumption, data centre demands, and growth in global backbone networks driven by cloud and AI applications across key global routes.

Financial and Operational Outlook

The strategy targets mid-single digit compound annual growth in cash earnings through to FY30, alongside a sustainable and growing dividend. The company aims to achieve an underlying return on invested capital of 10% by FY30, up from the current 8%.

Infrastructure and Technology Leadership

Telstra is committed to delivering Australia’s most advanced network, shifting from selling bandwidth to selling value. This includes offering prioritised connectivity in congested areas, scalable bandwidth for retailers during peak periods, and enhanced security for enterprises. The company is also expanding its satellite ground station business and intercity fibre network, which is uniquely positioned to support AI data requirements in Australia.

Future Vision and Impact

Looking ahead to 2030, Telstra envisions a highly autonomous network capable of detecting underutilised routes, adjusting capacity, and responding to vulnerabilities automatically. The company is strengthening its network defence through AI and machine learning, with its workforce developing the models and patterns that drive these technologies.

Through this comprehensive strategy, Telstra aims to fulfill its purpose of building a connected future where everyone can thrive, while enabling Australia’s digital future. The company’s ultimate goal is to establish itself as the number one choice for connectivity in Australia.