Telstra chairman John Mullen expects profit to be halved after full NBN rollout; investor anger about trimmed dividend

Telstra chairman John Mullen has warned shareholders that the telco's net profit is expected to be cut in half after the National Broadband Network is fully rolled out. 

Telstra shareholders have also slapped the board over decisions to trim dividend as the company undergoes a dramatic transformation to confront digital competitors. 

ABC's Peter Ryan says the warning saw Telstra's share price fall by 1.8 percent.

Here's my report from The World Today