Telstra Corporation Limited
(ASX:TLS) has signalled plans to expand into Asia through leveraging its Reach asset.
Reach is a cable network, utilised by Telstra and Hong Kong-based telecommunications company PCCW, that provides international voice and satellite services in Asia.
At the beginning of this year Telstra inked a deal to restructure Reach.
Telstra has now told the Australian Financial Review that its sights are set on integrating the asset and its 350 staff with the rest of the telco’s international carriage business and move deeper into Asia.
Last week Telstra reported full-year net profit of $3.25 billion, beating expectations of an even steeper decline.
