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Telstra sets sights on becoming global network player
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Telstra president director Andrew Penn gives a keynote speech during the Telstra vantage event in Melbourne, Australia, on Sept. 20. (Courtesy of /Telstra's Creative Services)
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ustralian telecommunications company Telstra has set its sights on becoming a global network player by investing heavily in areas such as cybersecurity, cloud computing and internet of things (IoT).
The company will invest AU$3 billion (US$2.41 billion) in networking until 2019, said Telstra president director Andrew Penn in Melbourne, Australia, on Wednesday, adding that his company would also invest in software.
In its statement, Telstra says it plans to bring the services it invests in to the global scale with a focus on corporate markets. It has vast cable networks, especially in the Asia Pacific, and in the last three years it actively established business entities in Hong Kong, China and Indonesia.
"For us in Telstra, our ambition is to bring the technological innovation to live for our customers not only within Australia but also for 400,000 kilometers of connectivity that we have globally and particularly in the Asia Pacific basin," Penn said during the Telstra Vantage event.
Telstra global services and international Telstra enterprise managing director David Burns said the enterprise market was more suitable for Telstra's going-global strategy as the company's networks were used by large multinational companies.
He mentioned names like Amazon, Fitness First and Uber. "Our assets are primarily in the Asia Pacific basin but the buyers are pretty scattered in and around the world. Our products, such as the security service, will be expanded and globally enabled," Burns said. (bbn)
