Telstra plans Asian M&A

Firm hopes to better compete against US rivals through acquisitions.

Telstra Corp (TLS) has indicated an interest in acquiring firms in Asia as part of a strategy to compete against US rivals in Asia, according to The Australian Financial Review.

Given its modest-sized current Asian business, the company sees expansion-by-acquisition as the ideal path to growing its Asian footprint, especially in cloud computing, video conferencing and internet services markets.

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