Telstra aims to extend 5G coverage to 95% of Australia by 2025

FILE PHOTO: A man looks at his phone as he walks past a Telstra logo adorning a phone booth in the central business district (CBD) of Sydney in Australia, February 13, 2018. Picture taken February 13, 2018. REUTERS/David Gray/File Photo

(Reuters) -Australian telecom Telstra outlined a plan on Thursday, under which it aims to extend 5G coverage to 95% of the country by the end of 2025 and cut A$500 million ($366.85 million) in net costs.

The cost reductions under the new plan, dubbed T25, are on top of the A$2.7 billion already being targeted under its current T22 strategy, the company said.