Telstra is in a bit of a crisis mode. With its share price tumbling to a five-year low, a decline in mobile and fixed line revenues and ongoing issues with its network, it has become clear that a change is in order. That change came today, with Telstra CEO Andy Penn announcing the "Telstra2022" initiative.
In short, this is a major restructuring of the company that will see the creation of a new infrastructure business, a simplification of Telstra's product offerings and the axing of 8000 jobs. Here's what you need to know.