PolicyLight Readingabout 1 hour ago
Telstra Outage Costs Economy $596 Million
3 min read
A report estimates Telstra's half-day network outage cost the Australian economy at least A$552 million in lost GDP and A$302 million in direct losses. The 12-hour crash in July 2024 triggered shareholder complaints against CEO Vicki Brady and board member Maxine Brenner during the AGM. This incident follows a 2023 failure that cost A$40 million and caused four deaths.
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