Business heavyweight, Trujillo, is apparently planning to leave Telstra to run a large, unnamed corporation in the US.

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If this is true, neither Telstra nor Trujillo are speaking, with one Melbourne spokesman – position not revealed – reportedly announcing to Bloomberg:

"This is a fairytale with no basis in fact. Sol came here to do a job and he won't leave before it's done."

Trujillo is responsible for renovating the Telstra business and developing the new Next G wireless broadband network.