Telstra Corporation Limited
(ASX:TLS) chief executive officer David Thodey says the telco will be aggressively pursuing opportunities to capitalise on increasing demand for services amid the rise of Asia’s middle class.
Addressing shareholders at the group's annual general meeting, Mr Thodey said Asia’s rise was creating opportunities for Telstra to expand its footprint across Asia.
He says the company’s making strategic investments across Asia, such as new data centres in Singapore and cloud-enabled nodes in Singapore and Hong Kong.
Mr Thodey says the telco is expecting continued growth in fiscal 2014, forecasting low single digit total income and EBITDA growth, with free cashflow between $4.6 and $5.1 million.
Telstra delivered a full-year net profit of $3.86 billion in fiscal 2013.
