Telstra's Pacnet pay-off

Guaranteed a series of Alan Bond moments, cash-rich Telstra's latest buy could secure it pole position in some of the world’s most promising growth markets.

Last year Telstra chief executive David Thodey proved Kerry Packer’s famous adage "you only get one Alan Bond in your lifetime” wrong. In settling its National Broadband Network (NBN) negotiations with a healthy slice of the troubled project’s design and construction works alongside its $11 billion dollar infrastructure deal, Telstra now has a modern river of gold that cements the company’s dominance of the local market.

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