Telstra corporation ( ASX:TLS) expects to have $3 billion in excess free cash flow on its hands, by mid-2015.
As it result, the Telco giant is scoping out investment opportunities in the technology space.
Telstra is understood to have earmarked an additional $50 million for tech start-up investing.
Thousands of potential opportunity have been canvassed, however Telstra’s innovation marketing boss Kate McKenzie believes only half a dozen are being seriously pursued.
Telstra last turned in a $1.6 billion net profit to Dec 31.
