The company, whose shares are suspended from trading, now has a board lacking any AI expertise, the CEO tells NBR.
Telco says its open to funding partners for development which could extend to 40MW capacity in time.
Revenue for the half was up 44% to $2.1 billion, offset by a 69% increase in operating expenses to $1.7b.
Telco's revenue and earnings were up on strong mobile market numbers.
Independent directors previously ‘outvoted’ on debt-funded dividend payouts.
Chief executive Jeff Greenslade expects OCR to stay on hold, with more ‘clarity’ about rate cuts later this year.
The market response was the opposite of the share slump that greeted Woolworths last week.
Shares in chemicals group down more than 40% on half-year result
Mark Aue will replace JB Rousselot in April as the regulated monopoly figures out its investment priorities.
Previous payouts were unsustainable, company says, as half year net profit falls 40%.
