Telstra has taken a high-profile step in its bid to establish itself as a significant player in the booming global cyber security market, with the official opening of the first of a string of new security operations centres, aimed at increasing the work it wins with government and corporate clients.

The multimillion-dollar Sydney centre was unveiled by chief executive Andy Penn alongside federal Cyber Security Minister Dan Tehan on Thursday afternoon, as the company continues its mission to prove to investors it has a solid post-NBN plan.

Telstra shares were hit hard after its annual results, led largely by Mr Penn announcing the company's much-loved dividend would be slashed by 30 per cent. Investors are now looking to the CEO to demonstrate that the company is on the front foot in establishing business lines in growing sectors.

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James Turner

About The Advisor

James Turner

James Turner is an IBRS emeritus Advisor who specialised in cyber security and risk and facilitates the CIO Cyber and Risk Network on behalf of IBRS. James has over a decade of experience as an industry analyst and advisor; researching the cyber security industry in Australia. As an IBRS Advisor, James authored over 100 IBRS Advisory papers, led dozens of executive roundtables, and presented at numerous conferences.