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Optus has become the first Australian telco to enter the mobile payments space with an app that lets customers tap their phones to make in-store purchases.
Optus says it will make around 400 positions redundant as part of changes aimed at improving the company's performance.
Australia's second largest telco is planning more job cuts, with management talking with staff about the latest changes.
The beleaguered telco revealed it's investigating yet another outage, with customers in NSW cut off from emergency calls over the weekend.
Optus chairman Paul O'Sullivan wants an inquiry to look into the possible separation of Telstra's fixed line telco network.
TPG Telecom says it intends to maintain two separate brands if it is successful in taking control of rival iiNet.
A judge has ordered Optus to remove television and online ads after Telstra took the rival telco to court.
The Singtel-owned company announced a 16 per cent drop in full-year net profit with the suspension of the NBN's HFC network weighing on the balance sheet.
Telecommunications giants Optus and Telstra will face each other in court next week after Telstra claimed Optus was running a misleading ad.
Optus will make 440 jobs redundant while it reshapes its workforce with automation and digitisation as the telco faces an increasingly competitive environment.
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