The international arm Telstra Corporation Ltd (ASX:TLS) is aiming to increase earnings through purchasing Chinese e-commerce sites and expanding its global communications network.
The head of Telstra International, Tarek Robbiati, has told Reuters that because of China the economies of Asia are the real engine’s of the worldwide economy.
Mr Robbiati says that Telstra International needs to purchase more companies, "but not at all costs," and that it is actively looking in China.
Mr Robbiati has told Reuters that the Chinese market currently has overheated valuations, so it is not for lack of opportunities that Telstra International has not been very active, rather because of the price.
In the first half of the 2011 financial year Telstra reported a net profit of $1.2 billion.
