Telstra Corporation Ltd (ASX:TLS) has unveiled a $600 million investment to capitalise on Australia’s small business sector.
The nation’s largest telco will inject funds over the next five years into upgrading and promoting its network technology to encourage small businesses make the switch to digital.
Telstra says its research has shown that growth in the sector was being held back by outdated technology.
CEO David Thodey yesterday launched the Digital Business package, enabling small businesses to access a new range of communication tools aimed at increasing functionality at a more affordable price.
Telstra estimates small businesses will save over $3,000 per year by adopting the range of services of offer.
In the first half of the 2011 financial year Telstra recorded a net profit of $1.2 billion.
