__________________________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Date: For the period ending 29 November 2002
TELSTRA CORPORATION LIMITED
ACN 051 775 556
242 Exhibition Street
Melbourne Victoria 3000
Australia
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.



Form 20-F
X

Form 40-F
 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934



Yes
 

No
X

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):


17 February, 2003
044/2003

NDC to be integrated into Telstra

Telstra today announced that its wholly-owned network design and construction subsidiary, Network Design and Construction Limited (NDC), would be integrated into Telstra because it was no longer commercially prudent to maintain it as an external entity.

Telstra Chief Executive Officer, Ziggy Switkowski, said that when NDC was established four years ago it was anticipated that an increasing proportion of its workload would come from outside Telstra.

"The network design and construction industry has undergone dramatic changes since that time. The outlook for the industry in which NDC operates remains soft and the overwhelming proportion of NDC's work still is derived from Telstra," Dr Switkowski said.

"The combined demand from Telstra and other customers has steadily declined for some years now, and will decrease further as capital expenditure budgets continue to be tightly managed."

Dr Switkowski said integration would deliver benefits to Telstra and its customers including:


further improvements in customer service as processes are managed end-to-end with fewer handoffs between organisations;
improved processes and performance as the best practices of both organisations are shared;
higher levels of combined productivity from better allocation of resources; and
cost savings from reduced overheads and elimination of duplicated functions.

Integration of the management structures will begin immediately and further details will be finalised as the integration progresses.

Dr Switkowski said Telstra had enjoyed substantial benefits through its ability to have parts of its capital works program contested in the open market and NDC has had a major role in developing this capability both within Telstra and the markets in which it competes.

"Our continued focus on cost reduction will see a marked increase in the proportion of capital work which we will have contested by the market going forwards and, accordingly, within these arrangements, we will retain the commercial capability and accounting structures for NDC to compete openly and fairly for these works," he said.

Dr Switkowski said he expected that integration would be concluded by July 1, 2003 and he emphasized that NDC customers would continue to receive high levels of service, both during and after integration.

He expressed thanks to all the men and women of NDC for their efforts and successes and acknowledged the leadership of Phillip Hastings for delivering outstanding quality of service and financial outcomes while managing through difficult industry changes.

Media enquiries:
Stephen Morrison

03 9634 5611 or 0417 053 501

Media releases are published on the Telstra Newsroom. The address is www.telstra.com.au/newsroom


21 February 2003

56/2003

Telstra Announces Changes To Reach

Telstra today announced significant changes to the operations of Reach Ltd, its pan Asian joint venture international voice and data carriage business based in Hong Kong.

Telstra Chief Executive Officer, Ziggy Switkowski, said conditions in the global market for international internet capacity have not improved in recent months and customer contracts coming up for renewal have seen pricing continuing to trend sharply lower.

"Contributions from good performances in Reach's international voice connectivity business are not sufficient to compensate for the sharp decline in data margins. Significant changes to Reach's business model will be required as it confronts competitors using unorthodox pricing strategies or operating from a restructured cost base after emerging from bankruptcy," he said.

"Despite the difficult competitive situation, Reach continues to be cash flow positive but no longer at levels that support Telstra's carrying value."

Dr Switkowski said Telstra had therefore decided to write down the carrying value to zero. This non-cash write down of $US546 million ($A965 million) would be reflected in Telstra's first half 2002-03 accounts to be reported next week.

Agreement was made in 2000 to form Reach by the merger of the Telstra Global Wholesale business with that of Hong Kong Telecom, owned by PCCW Limited. Reach is Asia's largest
international carrier of combined voice, private line and IP Services.

Telstra recognised an accounting profit of about $US935 million ($A1,704million) at the time Reach was formed, half of which was deferred. Telstra also received cash of $US375 million ($A680 million) from Reach as part of this transaction.

Dr Switkowski said Reach remained an important business supplying voice and data transmission services along some of the world's busiest routes.

"But the well known imbalance of oversupply relative to still strong, but much lower demand, creates an environment of excess capacity in which pricing disciplines breakdown," he said.

He said Telstra's focus in its International operations would remain on ensuring that existing investments achieve appropriate rates of return before contemplating further expansion in these businesses.

Reach has been in negotiations with its syndicate banks for the refinancing of debt totalling $US1.5 billion. The syndicate banks have given Reach a waiver of its debt covenants to 28 February 2003 and discussions are continuing in relation to extending this waiver to permit an orderly refinancing of the debt.

Dr Switkowski announced the following management changes:

Reach CEO, Mr Alistair Grieve, has announced his resignation;
Mr Dick Simpson, President Telstra International, has resigned from Telstra and will immediately take up the role of CEO, Reach; and
The position of President Telstra International will be replaced by the newly-created position of Managing Director, Asian Business Development. Mr Brian Pilbeam, currently Managing Director Corporate Relations, has been appointed to this new role which will be based in Hong Kong, reporting to the CEO.

Mr Simpson, who successfully led Telstra's Mobile Division before his appointment to Telstra International, will continue as Chairman of the operating Boards of Telstra's Hong Kong mobile operator CSL and TelstraClear in New Zealand for a transitional period.

Dr Switkowski said: "We thank Alistair Grieve for his leadership of Reach since the inception of this joint venture and Telstra joins with PCCW in welcoming Mr Simpson to his new role."

Media inquiries:

Michael Grealy, National Media Office

0419 217 343

Telstra Media Releases are posted on the Telstra newsroom at http://www.telstra.com.au/newsroom













__________________________________________________________________
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TELSTRA CORPORATION LIMITED

/s/ DOUGLAS GRATION

________________________________
Douglas Gration

Title: Company Secretary

Date: 24 February 2003