So Belong (out retail mobile phone provider of choice), who are owned by Telstra want to increase the price of their plans by +40%.
Telstra, who own Belong, have had the following financial earnings over the past 4 years:
- FY2021: NPAT (Net Profit After Tax): +3.4% $1.9B
- FY2022: NPAT (Net Profit After Tax): -4.6% $1.8B
- FY2023: NPAT (Net Profit After Tax): +13.1% $2.1B
- FY2024: NPAT (Net Profit After Tax): +11.4% $1B
Not sure how this year’s results had a +11.4% increase, but only $1B in profits.